Creditors Government Lender Secured debt 
Sawin & Shea
AUGUST 9, 2023
Briefly, unsecured debts are not backed by any collateral and include things like credit card balances and unpaid medical bills. Creditors cannot reclaim any of your property if you default on a loan. However, secured debt means the borrower has put up collateral (e.g. Do I Need a Lawyer to File for Bankruptcy?
Titan Consulting
AUGUST 23, 2020
In many cases, you may also lose certain secured assets like homes and cars in a liquidation to pay your creditors some of what you owe. When government assistance is not providing enough income to cover job losses, should you file for bankruptcy or hold out for the economic recovery? The Bankruptcy Option.
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Sawin & Shea
APRIL 10, 2024
Chapter 7 is also known as liquidation bankruptcy because it involves liquidating (selling off) non-exempt assets belonging to the debtor to repay creditors and lenders. The bankruptcy trustee will sell your non-exempt assets to pay a portion of your debts to creditors.
Hudson Weir
SEPTEMBER 4, 2023
If you’re struggling with personal debt, you may be searching online for ‘debt relief order UK’ looking for a solution to your troubles. Well, first of all, it’s important to note that in order to apply, you must have lived in England or Wales in the last three years, as stipulated by the government.
Debt Free Colorado
MARCH 3, 2023
Are there Available Alternatives If You Have a Lot of Debt and don’t Want to File for Bankruptcy? Are My Creditors capable of appealing My Bankruptcy? What Debts are Discharged in Bankruptcy? Since the effects are severe and long-lasting, bankruptcy is typically seen as the last option for managing debt.
Better Credit Blog
FEBRUARY 11, 2022
If you’re on the brink of bankruptcy, a final option before filing is to try the services of a debt settlement firm. These companies aim to reduce the amount of money you owe by negotiating a lower fee with creditors, which makes getting back into the black more affordable. About National Debt Relief.
Debt Free Colorado
DECEMBER 9, 2021
Consider your income, assets, creditors, expenditures, and your ability to pass the means test while selecting between Chapter 13 and Chapter 7. The United States Bankruptcy Code governs both chapter 7 and chapter 13 bankruptcy. Creditors are prohibited from contacting you after your petition is filed.
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