Government Lender Repossession Secured debt 
Titan Consulting
AUGUST 23, 2020
When government assistance is not providing enough income to cover job losses, should you file for bankruptcy or hold out for the economic recovery? At your request, lenders must grant a forbearance for up to 180 days, renewable for up to a year with a hardship attestation. The Bankruptcy Option. Take advantage of payment waivers.
Sawin & Shea
APRIL 10, 2024
Chapter 7 is also known as liquidation bankruptcy because it involves liquidating (selling off) non-exempt assets belonging to the debtor to repay creditors and lenders. The bankruptcy trustee will sell your non-exempt assets to pay a portion of your debts to creditors. What Is Chapter 7 Bankruptcy?
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Debt Free Colorado
MARCH 3, 2023
Through a legal process called bankruptcy, some people who are unable to pay their debts can start over financially, either temporarily or permanently. Since the effects are severe and long-lasting, bankruptcy is typically seen as the last option for managing debt. What Debts are Discharged in Bankruptcy?
Debt Free Colorado
DECEMBER 9, 2021
The United States Bankruptcy Code governs both chapter 7 and chapter 13 bankruptcy. If you have a large amount of credit card debt or high medical costs that you can’t pay, Chapter 7 may allow you to start again. Chapter 7 is a disaster when it comes to secured debt. . Collateral guarantees debt repayment.
Better Credit Blog
FEBRUARY 11, 2022
Debt settlement firms expect you to stop paying your lenders and make monthly installments into a secure trust instead. While waiting for money to build up in your secure trust, the debt settlement firm won’t send any to your lenders. About National Debt Relief. Collections and repossessions firms.
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