Remove Chapter 13 bankruptcy Remove Collection Agencies Remove Secured Creditor
article thumbnail

9th Cir. Reverses Trial Court Ruling in Favor of Defendant on FDCPA Claim Related to Bankruptcy

Collection Industry News

In response, the debtor filed for Chapter 13 bankruptcy, designating the HOA as a secured creditor, and confirming he would pay the debt’s total arrears through his proposed plan and ongoing dues directly to the HOA. Two months later, the bankruptcy court entered an order of discharge in the debtor’s case.

article thumbnail

Secured vs Unsecured Debt: Everything You Need to Know

Sawin & Shea

Unsecured debt would include things like: Medical bills Credit card bills Utility bills Back rent Personal loans At the end of the bankruptcy process, the remaining balances for these types of unsecured debts will likely be forgiven. That means that you must continue to pay on most secured debts to keep or hold onto the collateral.