Sawin & Shea
MARCH 9, 2022
Firstly, you need to understand the difference between unsecured and secured debts. Unsecured debts refer to debts that don’t have collateral. Some examples of unsecured debts include, but are not limited to, repossessions deficiencies, old lease balances, medical bills, cash advance loans, and credit card debts.
Sawin & Shea
JANUARY 12, 2022
A Chapter 13 Plan can help get you back on track with secured debts that you are behind on, like house or car payments. Certain Tax Debts. Taxes that you owe to the federal or state government are sometimes dischargeable, and sometimes not. Student Loans. Divorce Legal Fees and Debts.
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UK debt collections
APRIL 28, 2021
People who are in debt from credit cards, loans and other personal debt sources could be given ‘breathing space’ under new temporary measures the government has announced. There are a number of debt which are not covered by the scheme which include: Secured debts. Debts from fraud.
Sawin & Shea
AUGUST 9, 2023
Briefly, unsecured debts are not backed by any collateral and include things like credit card balances and unpaid medical bills. Creditors cannot reclaim any of your property if you default on a loan. However, secured debt means the borrower has put up collateral (e.g. What other debts do I owe? The answer is yes.
Hudson Weir
SEPTEMBER 4, 2023
If you’re struggling with personal debt, you may be searching online for ‘debt relief order UK’ looking for a solution to your troubles. Well, first of all, it’s important to note that in order to apply, you must have lived in England or Wales in the last three years, as stipulated by the government.
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? In many cases, you will lose secured assets such as your home and vehicles. Federally managed student loans received an automatic six-month payment waiver.
Debt Free Colorado
MARCH 3, 2023
What Debts are Discharged in Bankruptcy? Unsecured debts , including credit card and medical bills, as well as some judgments or past taxes, may be discharged. Generally, secured debt (loans backed by collateral), student loans, child support or alimony, recent taxes, criminal fines, or personal injury judgments cannot be discharged.
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