Creditors Secured debt Student Loans 
Sawin & Shea
MAY 5, 2021
Filing for Chapter 7 or Chapter 13 Bankruptcy: Chapter 7 will wipe out (discharge) your medical debt along with other unsecured debt, but you must have low enough income to pass the means test in order to qualify for it. Reports have suggested that anywhere from 40% to 62% of bankruptcies are due to medical debts.
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. Chapter 13 is a debt reorganization that requires you to repay debts within three to five years. Federally managed student loans received an automatic six-month payment waiver.
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Sawin & Shea
JANUARY 25, 2022
What is Secured Debt? Secured debts are a type of debt backed by an asset that is used as collateral. If you miss payments and default on this type of debt, the creditor can seize the asset to liquidate it and apply those proceeds to the money you owe. Examples of Secured Debts.
Sawin & Shea
JANUARY 12, 2022
There are exemptions depending on the property and how essential it is, but anything considered nonexempt will likely be sold to help pay off your creditors. Instead of discharging most of your debt and using your personal property to pay off creditors, a reorganization plan is filed to dela with the debt. Student Loans.
UK debt collections
APRIL 28, 2021
Households that are entered onto the respite scheme will see their debts frozen with no interest to be added. As part of the deal, they must mediate with the creditors to get their payments back on track. Most debts” will be covered by the scheme according to gov.uk, including: Credit cards. Debts from fraud.
Debt Free Colorado
JANUARY 10, 2022
When a business or an individual cannot meet financial responsibilities or pay to creditors, there is an option to declare bankruptcy. Bankruptcy is a legal process to discharge debt and starts with a bankruptcy petition filed in court. Bankruptcy laws are in place to protect not just the debtor, but also the creditors.
Sawin & Shea
MAY 2, 2024
Whether you’re facing foreclosure , repossession, wage garnishments, or relentless creditor harassment, our expertise in bankruptcy law can offer the protection and relief you’ve been seeking. However, certain debts like child support, alimony, and other domestic support obligations cannot be eliminated.
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