Sawin & Shea
MARCH 15, 2022
When filing under Chapter 13, you’re required to pay unsecured creditors — meaning they can’t recover physical property as collateral — the liquidated value of your nonexempt property. If there is non-exempt equity in your investment property you will need to pay creditors the value of that equity (minus estimated costs of sale).
Debt Free Colorado
APRIL 9, 2020
You can work directly with the mortgage lender on a loan modification, or reach out to the Colorado Foreclosure Hotline for free assistance. 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. Credit Cards. Student Loans.
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Fraser
JUNE 25, 2020
Such relief may include a request to pay some unsecured creditors (such as employees or “critical vendors”) ahead of others. Most unsecured creditors won’t have their pre-petition claims paid until after a debtor’s plan of reorganization is submitted to and approved by the bankruptcy court. Plan Confirmation Issues.
Debt Free Colorado
DECEMBER 9, 2021
Creditors are prohibited from contacting you after your petition is filed. While bankruptcy law forces you to sell some assets to repay unsecured creditors, the majority of Americans keep all of their property because of bankruptcy limits on the categories of assets that may be used to settle debts.
Troutman Sanders
NOVEMBER 7, 2023
The company expects to have sufficient funds to fully repay unsecured creditors. The AG’s office alleged that the company used “deceptive methods” to solicit homeowners facing foreclosure and failed to provide the services they promised. Bittrex had previously paid more than $29 million in fines for alleged U.S.
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