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Compliance Digest – April 7

Account Recovery

The court considered the issue based on the collateral estoppel defense. Judge Partially Grants Defendants Motion for Reconsideration in FDCPA Case The joke about lawyers is that their answer to any question is never a straight answer it always depends. The district court judge dismissed the matter and the 8thCircuit affirmed.

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What Happens to My Personal Loan After Bankruptcy?

Sawin & Shea

Unsecured loans are loans that don’t have collateral. Common unsecured loans include: Bank loans with no collateral. Unlike unsecured personal loans, secured loans involve some form of collateral that the lender can repossess if the borrower fails to make payments. Payday loans. Signature loans.

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Questions to Ask a Chapter 7 Bankruptcy Lawyer Before Filing for Bankruptcy

Sawin & Shea

If you’re struggling with debt and considering bankruptcy, speaking with a bankruptcy lawyer can help you determine your best options and give you some clarity on how the process works. At Sawin & Shea, LLC, our Chapter 7 Bankruptcy lawyers have helped clients just like you in the Indianapolis and surrounding areas.

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How Much Debt Is Needed to File for Bankruptcy?

Sawin & Shea

Whether you’re facing foreclosure , repossession, wage garnishments, or relentless creditor harassment, our expertise in bankruptcy law can offer the protection and relief you’ve been seeking. Secured obligations have collateral attached, such as a mortgage secured by your home or an auto loan secured by your vehicle.

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Dealing With Debt From COVID-19

Debt Free Colorado

They will feel obligated to protect their interest in the collateral (your car) and can move quickly to repossess after only a few missed payments. The post Dealing With Debt From COVID-19 appeared first on Denver Lawyer Clark Daniel Dray. Coronavirus Car Payment Relief Programs. Your Mortgage.

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

Debt Free Colorado

Complete protection from creditors – This includes wage garnishment and debt collection. Unsecured debt is debt without collateral. Collateral guarantees debt repayment. appeared first on Denver Lawyer Clark Daniel Dray. While debt is not eliminated , it is significantly reduced. This is a secured obligation.

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What Debts Can Bankruptcy Eliminate: Examples of Unsecured Debt

Debt Free Colorado

Unsecured debt is a type of debt that is not backed by collateral. These debts have no collateral, so creditors cannot take your property without going to court first. This legal shield blocks creditors from calling you, stops foreclosure sales, prevents wage garnishments , and halts all collection lawsuits.