experience 
Sawin & Shea
APRIL 10, 2024
If you are not, this test determines how much you are required to pay back to your unsecured creditors in a Chapter 13 reorganization. Mortgages and car loans are both considered secured debts because they both have backing collateral. This is a test that determines if you are eligible for a Chapter 7 bankruptcy.
Burr Forman
JANUARY 26, 2022
In his bankruptcy practice, Eric focuses on representing creditors, including financial institutions, special servicers, private equity groups, and other non-traditional lenders as well as other secured and unsecured creditors in state and federal court litigation, chapter 11 bankruptcy cases, and in out-of-court workouts and resolutions.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Sawin & Shea
APRIL 17, 2024
We have years of experience assisting Indiana residents with the bankruptcy process, and we offer FREE consultations. The reason why creditors prefer you file Chapter 13 is because Chapter 7 bankruptcy discharges unsecured debts after the trustee liquidates nonexempt assets. What Is a Chapter 13 Bankruptcy Filing?
Debt Free Colorado
DECEMBER 9, 2021
Bankruptcy is a challenging, life-altering experience. . Creditors are prohibited from contacting you after your petition is filed. 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.
BN Lawyers
MARCH 23, 2020
Low Priority: Unsecured Lenders and other Creditors. Unsecured lenders should generally be willing to defer payments. For an unsecured creditor to obtain a recovery, it would need to engage in a months-long legal process to obtain a judgment that could be halted at any point by a chapter 11 bankruptcy reorganization.
Expert insights. Personalized for you.
52 
Let's personalize your content