Asset liquidation, Collateral and Loans - Creditor Collections Today

What Debts Can Bankruptcy Eliminate: Examples of Unsecured Debt

Debt Free Colorado

DECEMBER 23, 2024

Unsecured debt is a type of debt that is not backed by collateral. Credit cards, medical bills, and personal loans make up most unsecured debt that bankruptcy can eliminate. These debts have no collateral, so creditors cannot take your property without going to court first. This means there is no property tied to it.

Unsecured Debt

Unsecured Debt Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy

Managing Bankruptcy and Medical Debt Relief in Broomfield, CO

Debt Free Colorado

JANUARY 20, 2024

But it can involve asset liquidation, and the discharge is independent of such sales. Caution is necessary as it involves using your home as collateral. You can also find more income sources or refinance loans. Chapter 7 offers discharge for eligible medical bills. Home Equity Line of Credit (HELOC) can consolidate debt.

Chapter 13 bankruptcy

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Unsecured Debt

Creditor Collections Today

What Debts Can Bankruptcy Eliminate: Examples of Unsecured Debt

Managing Bankruptcy and Medical Debt Relief in Broomfield, CO

Webinars

Stay Connected