Creditors Government Lender Unsecured Debt 
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.
Sawin & Shea
AUGUST 9, 2023
When you file for bankruptcy whether Chapter 7 or 13, you are required to list all debt, both secured and unsecured. You aren’t allowed to pick and choose which debt you want the bankruptcy to apply to. Creditors cannot reclaim any of your property if you default on a loan. What is my total credit card debt?
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Sawin & Shea
APRIL 10, 2024
Chapter 7 bankruptcy is a great financial solution for those struggling with debt, especially unsecured debts. With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets. They cannot take legal action against you or seize your assets.
BN Lawyers
MARCH 23, 2020
Work with Creditors. Most creditors (lenders, suppliers, employees) will be aware of the distress facing the entire service industry. Many creditors will be willing to work with businesses. Creditors face their own pressures. Some creditors will inevitably insist on prompt payment. Prioritize Payments.
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.
Debt RR
AUGUST 3, 2020
When a creditor or a government authority sues a business or individual for an unpaid debt, one of the options for settling is for the court to give the creditor the right to pull the funds from a bank account. This debt can include anything from credit cards to past due balances on office space.
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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