Remove Collateral Remove Law Firms Remove Secured Creditor Remove Secured debt
article thumbnail

10 Common Questions About Bankruptcy

Debt Free Colorado

Every case is unique, and every case merits the careful consideration of a law firm dedicated to providing specialized bankruptcy solutions. The main disadvantage of Chapter 7 bankruptcy is that anything subject to a security interest is not exempt (home, automobile) and can be seized to satisfy the debt connected to the specific item.