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Dealing With Debt From COVID-19

Debt Free Colorado

While credit cards and other unsecured loans are almost always the most aggressive when it comes to collecting debts, they should generally be your lowest priority. Either way, you should speak with an experienced debt relief attorney about strategies for dealing with unsecured creditors. Student Loans.

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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. Debt settlement with the wrong organization or a scam can destroy your credit.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Pritzker issued an executive order extending the suspension of garnishment, deduction of wages, and post-judgment citations to discover assets through April 30. Additionally, the company is alleged to have falsely promised consumers student loan forgiveness when only the federal government can forgive federal student loans.

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Chapter 7 Bankruptcy Timeline

Debt Free Colorado

Meet with an attorney to discuss your financial circumstances and options including debt settlement, repayment plans, Ch. Lawsuits, garnishments, foreclosures, and other collections stop at this time. All the debts listed in your case that can be discharged are wiped out. Initial Consultation. 13 bankruptcy.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

On July 23, the Biden administration initiated a request for information — the formal process of inviting public comment — to address issues with the Public Service Loan Forgiveness (PSLF) program. Any attempt to garnish or otherwise seize these funds to collect or attempt to collect a debt violates the AG’s Debt Collection Regulations.”