Debt Free Colorado

FEBRUARY 24, 2025

Filing requires completing credit counseling, submitting a bankruptcy petition, and attending a meeting with a trustee. A financial education course must be completed before final approval. If their income is too high, they may have to explore other options, such as Chapter 13 bankruptcy.

Credit Card Debt 52

Credit Card Debt Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy 52

Sawin & Shea

FEBRUARY 8, 2023

An unsecured credit card does not require collateral to obtain approval. Unlike secured credit cards, which require a security deposit that serves as collateral, unsecured credit cards are approved based on your creditworthiness, income, and other factors.

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Bankruptcy Chapter 7 bankruptcy Collateral Creditworthiness 69

Sawin & Shea

JANUARY 25, 2022

However, which type of bankruptcy you file will also depend on what kind of debt you have. Secured and unsecured debt is handled differently in Chapter 7 vs. Chapter 13. Secured debts are a type of debt backed by an asset that is used as collateral. What is Secured Debt? What is Unsecured Debt?

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Unsecured Debt Collateral Secured debt Bankruptcy 52

Sawin & Shea

JUNE 21, 2023

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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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debtor 52

Better Credit Blog

JANUARY 11, 2022

There are several different types of bankruptcies, but the majority of individuals can only file for Chapter 7, which is also known as liquidation bankruptcy, and Chapter 13 bankruptcy, which is also known as the wage earner’s plan. Educate you on bankruptcy law and procedures.

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Bankruptcy Chapter 13 bankruptcy Debt Consolidation Lawyers 63