Public Citizen

OCTOBER 29, 2020

Once the pandemic recedes, families struggling to get back on their feet are likely to face a wave of debt collector lawsuits for medical bills, back rent, credit card debt, the balance due on repossessed cars, and even utility bills. Weak exemption laws also exacerbate the racial wealth gap.

Garnishment 75

Garnishment Debt collector Repossession Credit Card Debt 75

Credit Corp

JULY 26, 2021

If no one is able to pay off the loan, the lender may repossess it. Credit Card Debt . Joint credit card debt passes straight to the other borrower. Credit cards with authorized users on them are different, however—unlike cosigners, authorized users aren’t responsible for debts.

Student loans 98

Student loans Student Loans Credit Card Debt Loans 98

Sawin & Shea

SEPTEMBER 14, 2022

What is Consumer Debt? Consumer debt refers to an individual, family, or household’s debts incurred through personal spending and expenses. If you’re a co-signer or co-debtor on a business property, such as a rental home, the automatic stay doesn’t protect you from lenders, so they can repossess the property.

Chapter 13 bankruptcy 122

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Student loans 122

Sawin & Shea

JUNE 7, 2023

Cosigner Responsibilities: Bankruptcy and Debt Collection If a primary borrower declares bankruptcy, the co-signer associated with the debt may be responsible to pay back creditors, but this will depend on the type of bankruptcy that the primary debtor filed.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Personal loans 52

Sawin & Shea

MARCH 9, 2022

Unsecured debts refer to debts that don’t have collateral. Some examples of unsecured debts include, but are not limited to, repossessions deficiencies, old lease balances, medical bills, cash advance loans, and credit card debts.

Chapter 13 bankruptcy 102

Chapter 13 bankruptcy Bankruptcy Unsecured Debt Collateral 102

Sawin & Shea

NOVEMBER 15, 2023

It distinguishes between what are called ‘secured’ and ‘unsecured’ debts, which are terms you need to know before filing for bankruptcy. And possibly the most common question people ask is credit card debt is secured or unsecured. Secured vs Unsecured Debt: What’s the Difference? What is the difference?

Unsecured Debt 52

Unsecured Debt Chapter 7 bankruptcy Collateral Bankruptcy 52

Sawin & Shea

MARCH 20, 2024

If you’re worried about garnishments, foreclosures , lawsuits, repossessions , or other consequences of your debt, connect with an experienced bankruptcy lawyer at Sawin & Shea as soon as possible. Choosing the right solution is a big step that could affect your life for years to come. You deserve a fresh start.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Lawyers 52

Albuquerque Law

MAY 5, 2020

This is partly what causes military families to hold more debt than civilian families , with roughly 27% of military service members holding nearly $10,000 in credit card debt. Meanwhile, only 16% of civilians hold that much debt.

Repossession 40

Repossession Bankruptcy Credit Card Debt Garnishment 40

Sawin & Shea

AUGUST 30, 2023

Section 523 of the United States Bankruptcy Code explains which debts cannot be discharged in bankruptcy: Child support. Car loans (unless you allow your car to be repossessed, in which case you will not owe any past payments). Debts from willful and reckless acts, embezzlement, fraud, or larceny. Alimony payments. Court fines.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Sawin & Shea

JUNE 14, 2023

Declaring Bankruptcy Before a Divorce If you’re on good terms with your spouse and are struggling with unsecured debts, you may want to consider filing Chapter 7 bankruptcy before your divorce. As we mentioned above, Chapter 13 involves consolidating your existing debts into a realistic three- to five-year repayment plan.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Sawin & Shea

APRIL 10, 2024

The bankruptcy trustee will sell your non-exempt assets to pay a portion of your debts to creditors. You’ll then be able to discharge the balance of eligible debts, such as credit card debt and medical bills. Even if you can’t fully pay creditors, you will still be able to discharge your eligible debts.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Bankruptcy Debtor Unsecured Creditor 52

Sawin & Shea

MARCH 7, 2023

Chapter 7 bankruptcy, also known as liquidation or straight bankruptcy, can help those having financial difficulties clear away various types of debts. When you file for Chapter 7 bankruptcy, the Court will place an automatic stay upon filing, which stops creditors from collecting payments, garnishing wages, or repossessing property.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Lawyers Bankruptcy Unsecured Debt 52

Titan Consulting

AUGUST 23, 2020

Protect secured debt (home and car) from default to avoid a repossession or foreclosure. Negotiate unsecured debt (credit cards) if you are unable to keep up with payments. We work with consumers seeking debt consolidation loans, or who may be considering options like debt negotiation or bankruptcy.

Chapter 13 bankruptcy 86

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 86

Sawin & Shea

APRIL 17, 2024

Chapter 13 Bankruptcy Discharge Once you complete paying off your repayment plan over three to five years, the court will discharge your eligible debts.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 52

Titan Consulting

APRIL 26, 2020

Deferring your auto payments may put you at risk for repossession if your lender requires you to catchup and make all deferred payments at the end of the deferral period. We work with consumers seeking debt consolidation loans, or who may be considering options like debt negotiation or bankruptcy.

Student loans 52

Student loans Student Loans Lender Loans 52

Credit Corp

SEPTEMBER 12, 2023

Derogatory remarks: These remarks refer to negative items on your credit report. They include auto repossessions or foreclosures. Paying off debts shows your fiscal responsibility and proves your finances are on an upward trajectory. Paying off any kind of debt can improve your score.

Bankruptcy 93

Bankruptcy Lender Student loans Student Loans 93

Better Credit Blog

FEBRUARY 4, 2021

DFS primarily collects on healthcare debt, as well as: Commercial debt. Credit card debt. Utility debt. If you are overwhelmed by dealing with negative entries on your credit report, we suggest you ask a professional credit repair company for help. Phoenix, Arizona 85053. Ask Lex Law for Help.

Financial services 69

Financial services Debt collector Collection Agencies Collections Agency 69

Sawin & Shea

JANUARY 24, 2024

At the end of the plan, any unpaid balances on the qualifying debts are discharged. The Pros Bankruptcy can stop foreclosures , repossessions, lawsuits, wage garnishment, utility shut-offs, and debt collection activities through its automatic stay provision. It simplifies finances with just one payment versus many debts.

Debt Consolidation 52

Debt Consolidation Bankruptcy Chapter 13 bankruptcy Collateral 52

Debt Free Colorado

DECEMBER 9, 2021

Without having to repay it later, you may immediately begin rebuilding your credit. . If you have a large amount of credit card debt or high medical costs that you can’t pay, Chapter 7 may allow you to start again. Chapter 7 is a disaster when it comes to secured debt. . The Majority of Unsecured Debts.

Chapter 13 bankruptcy 75

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 75

Sawin & Shea

DECEMBER 7, 2022

Don’t Accumulate Any More Debt. If you’re already in the middle of filing for bankruptcy, any new debt that you accumulate will not be discharged. This includes credit card debt, so try to avoid racking up a substantial balance this season.

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Creditors 98

Sawin & Shea

SEPTEMBER 20, 2023

Upon filing a Chapter 7, you receive automatic court-oredered protection from creditors and aren’t subject to lawsuits, repossessions, or wage garnishments. From July 2020 to June 2021, there were 15,719 bankruptcies filed in Indiana.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Better Credit Blog

SEPTEMBER 9, 2021

. “Take a look at your credit report and figure out where things went wrong. Did you build up too much credit card debt? Did you have something repossessed or foreclosed? Did you get too far behind on your payments?

Debt Consolidation 59

Debt Consolidation Loans Financial services Repossession 59