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Secured vs Unsecured Debt: Everything You Need to Know

Sawin & Shea

However, it is important to note that before bankruptcy is declared, lenders can still come after you to get you to pay off the unsecured debt. They may use collection agencies , or they may sue you (asking the court to garnish wages, take an asset, or put a lien on your home).

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What Happens to My Personal Loan After Bankruptcy?

Sawin & Shea

Additionally, you can discharge a loan regardless of whether the original lender has the loan or whether the lender sold it to a collection agency or debt buyer. Even if a creditor has initiated a wage garnishment you can still discharge the unsecured loan in Chapter 7 bankruptcy.

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How Aggressive Collections Attorneys Can Aid in Massachusetts Debt Recovery

Collections Law

Cohen LLC will work relentlessly to make sure you recover your bad debt. Collection agencies are passive organizations that make the same effort you were making before you brought them on board. An experienced collections attorney will do more than merely advise you on what you need to do. At the Law Offices of Alan M.