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What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method suits your financial situation.

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Can I File Bankruptcy on Just My Credit Cards?

Sawin & Shea

What other debts do I owe? There are other options including credit counseling, creating a debt management plan, and taking out a debt consolidation loan. Do I Need a Lawyer to File for Bankruptcy? Are There Lawyers Who Can Help with Bankruptcy? Has my credit score gone down? The answer is yes.

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What Is the Difference Between Chapter 7, 11, and 13 Bankruptcies?

Credit Corp

It’s typically a good idea to consult an experienced bankruptcy lawyer before you file a bankruptcy petition. Definitely talk to your bankruptcy lawyer about which property you want to keep and whether it’s possible. Do you have your own business and need to include business debts in your bankruptcy?

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Debt After Death: 9 Things You Need to Know

Credit Corp

If there isn’t enough money left in the estate to cover those revolving debts, they’re usually simply written off. Student Loan Debt. Federal student loans and PLUS loans get discharged if borrowers pass away. If there are no cosigners, student loan debt must be paid by the decedent’s estate—sometimes immediately.

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How Much Debt Is Needed to File for Bankruptcy?

Sawin & Shea

If you qualify for Chapter 7 bankruptcy, our attorneys can guide you through the process of eliminating unsecured debts, such as credit card balances, medical expenses, and personal loans, within a matter of months. Bankruptcy legal fees are an investment in finally resolving your debt for good.

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Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

Recognize the types of debts that are dischargeable under Chapter 13. Secured Debts Consolidated or Eliminated. A mortgage or car loan secures the lender’s interest in your house. Even if you have been discharged, unpaid debts may result in foreclosure or repossession. medical debt . credit card debt