Remove Chapter 7 bankruptcy Remove Collection Agencies Remove Credit Card Debt Remove Garnishment
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What Happens to My Personal Loan After Bankruptcy?

Sawin & Shea

In addition to unsecured personal loans, there are other types of unsecured debts, such as: Medical bills. Credit card debts. Discharging Personal Loans Through Chapter 7 Bankruptcy. A bankruptcy filer can also discharge an unsecured personal loan when there’s a lawsuit revolving around it.

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Secured vs Unsecured Debt: Everything You Need to Know

Sawin & Shea

What’s the Difference Between Chapter 7 and Chapter 13? Put simply, Chapter 7 is a liquidation while Chapter 13 is about reorganization. In the case of a Chapter 7 bankruptcy , the court appoints a trustee who is in charge of selling off (liquidating) a debtor’s non-exempt assets.

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What Happens If I Get a Job After Filing Chapter 7?

Sawin & Shea

In this blog, we take a close look at ways Chapter 7 bankruptcy affects future or current employment. If you have additional questions, we encourage you to read our online articles about filing bankruptcy. What Is Chapter 7 Bankruptcy? Chapter 7 is often referred to as liquidation bankruptcy.

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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

Whether or not you file for bankruptcy also depends on the kind of debt you have. Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt.

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Tips For Credit Card Debt Relief

Sawin & Shea

Credit card debt can be debilitating. When your bills are more than you can handle and you are struggling to get by, debt relief options can help. However, it’s important to understand that there are various forms of debt relief, and they are not all right for everyone. Debt Management Programs.

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Debt Collection Lawsuits Are Surging

Collection Industry News

. • Whatever the reason, ignoring a debt collection lawsuit can mean big trouble. In Alabama, if a judgment is entered against you, the creditor who got the judgment can do several things as far as trying to collect on the judgment. • In some cases, the debt collector may even owe the consumer compensation for those violations.