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. These remedies can include garnishing your wages and bank accounts and seizing and selling your non-exempt personal property.
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