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Remove Chapter 7 bankruptcy Remove Debt collector Remove Personal loans Remove Secured Creditor
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Secured vs Unsecured Debt: Everything You Need to Know

Sawin & Shea

NOVEMBER 15, 2023

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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Unsecured Debt Chapter 7 bankruptcy Collateral Bankruptcy 52
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What is the Difference Between Secured and Unsecured Debt?

Sawin & Shea

JANUARY 25, 2022

However, if you file for bankruptcy, it can put a pause on debt collection, including actions by secured creditors. How your debt is handled in bankruptcy will depend on which type you file. Examples of Unsecured Debts.

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Unsecured Debt Collateral Secured debt Bankruptcy 52
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