Debt Free Colorado

JUNE 18, 2024

This applies to unpaid debts such as: Unsecured debts: These are debts not tied to a specific asset, like credit card debt, medical bills, or personal loans. Foreclosure and repossession If you’re facing foreclosure or repossession of your car, the automatic stay can temporarily halt these actions.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Creditors Garnishment Unsecured Debt 52

Sawin & Shea

JANUARY 25, 2023

Sadly, numerous people struggle to obtain reasonable loans when interest rates are this high. Higher interest rates also mean that it’ll take longer to pay off a loan’s principal amount, and those needing a car loan, mortgage, or personal loan may find themselves paying an exorbitant amount of money in interest alone.

Chapter 13 bankruptcy 72

Chapter 13 bankruptcy Bankruptcy Loans Foreclosure 72

Credit Corp

JANUARY 5, 2021

For example, if you borrowed $12,000 for a personal loan and only paid back $6,000, you still received the original $12,000. Not paying back the other half of the loan means you got the benefit of that money without paying for it. Check Your Credit Score.

Repossession 105

Repossession Bankruptcy Foreclosure Creditors 105

Sawin & Shea

AUGUST 2, 2023

Unsecured debt includes things like credit card debt, medical debt, and personal loans. The above descriptions provide a very broad overview of these two types of bankruptcy filings, but debtors should discuss these options at length with a lawyer who has experience in bankruptcy.) When Should I Contact an Attorney?

Bankruptcy 52

Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Sawin & Shea

AUGUST 24, 2020

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. Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits.

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debt collector 98

Sawin & Shea

MARCH 13, 2024

We can help people re-organize secured debt in various ways to help people stop repossessions or foreclosure and get back on track with payments to keep those items. Once you prepare all necessary forms and complete credit counseling, you or your lawyer will file your bankruptcy petition.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Collateral 52

Credit Corp

MAY 3, 2023

It’s typically a good idea to consult an experienced bankruptcy lawyer before you file a bankruptcy petition. Bankruptcy does have some benefits, such as potentially putting a stop to wage garnishments or foreclosures. Definitely talk to your bankruptcy lawyer about which property you want to keep and whether it’s possible.

Chapter 13 bankruptcy 97

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Creditors 97