Richard Shea

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So far Richard Shea has created 100 blog entries.

Debts That Can’t Be Discharged During Bankruptcy

It’s tempting to believe that filing for bankruptcy is like having a magical wizard wave his wand to make all of your problems disappear. Unfortunately, this isn’t exactly the case. You need to know exactly which debts can be discharged and which debts can’t as you begin the process. Bankruptcy isn’t rare in the Hoosier [...]

Summer Vacation Savings: Traveling for Less

Now that summer’s here, it’s time to jumpstart your summer vacation planning. An important component, of course, is budgeting. You deserve a break, but just make sure you don’t break the bank. Below are some guidelines and considerations for keeping the cost of your summer vacation low while still having a great time for yourself [...]

Chapter 13 Bankruptcy and Student Loans

Student loan debt can be crippling. Trying to put money towards a house or a car, as well as paying all of your other bills on top of student loan debt, is often exhausting and can sometimes feel impossible. In America alone, the average student loan debt in 2021 comes to around $1.7 trillion. It’s [...]

Eviction and Bankruptcy

Although filing for bankruptcy can solve many of the issues you are dealing with, ease your stress level, and give you a chance to breathe, it cannot remove all of your worries. If you are contemplating filing for bankruptcy, you are probably overwhelmed with debt that you can’t repay while dealing with creditors. Many people [...]

By |2021-06-28T11:25:22-04:00June 23rd, 2021|Bankruptcy Law, Foreclosure|0 Comments

Getting Approved for a Loan After Bankruptcy

Many people assume that because they have filed bankruptcy, their credit is ruined, and they will not be able to qualify for any loans. This is not true. There are a number of steps you can take to improve your credit score and to make it likely that you can be approved for a loan. [...]

Things Debt Collectors Are Forbidden to Do

Whether you have missed a single payment somewhere along the line or are delinquent on several payments, the last thing you want is to be harassed by debt collectors. In most cases, people know that they are behind on payments and are struggling to deal with the issue. Having to deal with a barrage of [...]

By |2021-06-18T09:34:04-04:00June 9th, 2021|Bankruptcy Law, Creditor Harrassment|0 Comments

Filing Bankruptcy Without Your Spouse: What Happens to Debts & Property?

If you’re married and considering bankruptcy in Indiana, you’re probably wondering whether you can file alone and how this could impact your spouse. This is one of the most common questions for bankruptcy attorneys. Yes, you can file bankruptcy without your spouse. But there are some important things you should know because bankruptcy can affect [...]

How Long Does a Bankruptcy Stay on Your Credit Report?

If you are thinking of filing for Chapter 7 or Chapter 13 bankruptcy, or if you have already filed, you may be concerned about how long the bankruptcy will stay on your credit report. There is a simple answer to this: It will stay on for ten years if you filed Chapter 7 bankruptcy and [...]

What You Need to Know About Medical Bankruptcy

As medical costs continue to soar in the U.S., up to 62% of bankruptcies now include significant medical debt. A health event like an accident, disease, or surgery can bury someone in a mountain of medical bills. Many people are turning to medical bankruptcy, which is a bankruptcy that wipes out all bills related to [...]

How are Medical Bills Treated in Chapter 13 Bankruptcy?

Anyone on social media is bound to have seen numerous posts or crowdfunding pleas from friends or friends of friends who are faced with insurmountable medical debts. In fact, 8 million people have started a campaign for themselves or for a family member, and 12 million people have started a campaign for a friend or [...]