Remove Chapter 13 bankruptcy Remove Collateral Remove Creditors Remove Garnishment
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Chapter 13 Bankruptcy Dismissed. Can I Refile?

Sawin & Shea

Filing for Chapter 13 bankruptcy can help you improve your financial situation. Unfortunately, not everyone filing Chapter 13 will complete the repayment process. Unfortunately, not everyone filing Chapter 13 will complete the repayment process.

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What Happens to My Personal Loan After Bankruptcy?

Sawin & Shea

A variety of factors determine whether or not you’ll be able to discharge all of certain personal loans, including whether the loan is secured or unsecured and whether you file via Chapter 7 or Chapter 13 bankruptcy. Unsecured loans are loans that don’t have collateral. Payday loans. Signature loans.

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Getting Approved for a Loan After Bankruptcy

Sawin & Shea

Chapter 7 bankruptcy: In this type of bankruptcy, your non-exempt assets (if any) have been liquidated to pay off a percentage of your debts. Pros: Because you are no longer overwhelmed with creditors and debts, you may be able to save money for secured loans or secured credit cards. More on both of those below.).

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Who Can Declare Chapter 7 Bankruptcy?

Sawin & Shea

What is Chapter 7 Bankruptcy? Chapter 7 bankruptcy is a form of personal bankruptcy that liquidates filers’ assets to discharge qualifying unsecured debts. Unsecured debts are not backed by collateral, such as car payments and home mortgages. What Happens After You File Chapter 7 Bankruptcy?

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Cosigner Responsibilities: When Is a Cosigner Liable for a Debt?

Sawin & Shea

The guarantor may be required to provide collateral or security to the lender to reduce the risk of the loan. Cosigners and Chapter 7 Bankruptcy Chapter 7 is a form of bankruptcy that allows individuals to discharge most unsecured debts, such as credit card debt or medical bills, without having to repay them.

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10 Common Questions About Bankruptcy

Debt Free Colorado

What Can’t Bankruptcy Do? What Should I Consider Before Filing for Bankruptcy? Are there Available Alternatives If You Have a Lot of Debt and don’t Want to File for Bankruptcy? Are My Creditors capable of appealing My Bankruptcy? What Debts are Discharged in Bankruptcy? What Can’t Bankruptcy Do?

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Secured vs Unsecured Debt: Everything You Need to Know

Sawin & Shea

Laws called exemption statutes determine what a person or married couple can keep through the Chapter 7 process. If a debtor has assets that are not protected under those statutes, the trustee can liquidate those items and use the proceeds to pay creditors back something. This is what is called a “surrender” under bankruptcy law.