Remove Collateral Remove Debt Consolidation Remove Lender Remove Repossession
article thumbnail

What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

Types of personal loans include: Installment Plan Payday Peer-to-Peer Lending Cosigner /Guarantor Debt Consolidation Variable Rate Fixed Rate During your bankruptcy proceeding, at least a portion of these loans will be discharged, whether you borrowed from brick-and-mortar or online lenders.

article thumbnail

Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

The lender protects the borrower against foreclosure. Increased time to repay non-dischargeable debts. Unsecured debt is debt without collateral. For instance, if you did not agree to the creditor seizing the property obtained on credit, the debt is unsecured. Collateral guarantees debt repayment.