Sawin & Shea

JUNE 7, 2023

If you have a co-signer associated with your debt or if you are a co-signer, you need to be aware of how financial liability works and what happens when the primary debtor declares bankruptcy. Fortunately, in this blog, we’ll unpack cosigner responsibilities when it comes to bankruptcy and debt.

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Debt Free Colorado

DECEMBER 9, 2021

Chapter 7 is a disaster when it comes to secured debt. . Chapter 7 will not assist you if your primary source of debt is a mortgage, auto loan, or other kinds of debt. Additionally, not all unsecured debt is dischargeable under Chapter 7. The means test decides who can seek debt relief. medical debt

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Sawin & Shea

AUGUST 9, 2023

When you file for bankruptcy whether Chapter 7 or 13, you are required to list all debt, both secured and unsecured. You aren’t allowed to pick and choose which debt you want the bankruptcy to apply to. Creditors cannot reclaim any of your property if you default on a loan. What other debts do I owe?

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Sawin & Shea

MARCH 13, 2024

This means that a lender or creditor cannot recover the money you owe or take legal action against you. For instance, a mortgage lender cannot foreclose on your home while you undergo the bankruptcy process. You are required to complete this course within 45 days of your 341 meeting to discharge your debt.

Chapter 7 bankruptcy 52

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Sawin & Shea

MARCH 7, 2023

When you file a Chapter 7 bankruptcy, it is only your unsecured debts that will be eligible for discharge. This includes debts such as credit card balances, medical bills, personal loans, utility bills, back rent, mortgages, and car payments. Will I Lose My Property When I File Chapter 7 Bankruptcy?

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Sawin & Shea

APRIL 12, 2023

In most cases, Chapter 7 rules protect assets that are classified as exempt at the time you file versus unsecured debt which is not protected. Unsecured debt includes things like credit card debt, medical debt, and personal loans. Chapter 7 looks at assets that you owned at the time you filed.

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Debt Guru

JUNE 3, 2020

So, you’ve got a bunch of unsecured debt. You’re more than ready to start living debt-free. There are many different approaches for tackling debt repayment. The option you choose is strictly a personal decision – you need to find the tactic that you understand best and that you can sustain. Great decision!

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Better Credit Blog

APRIL 11, 2022

Since more Americans are under pressure to resolve their debt, we’ve outlined several strategies that reduce or eliminate this financial liability. What is Debt? Debt is the amount of money you owe to a lender or creditor. Some examples of debt are mortgages, credit card dues, and personal loans.

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Better Credit Blog

MAY 4, 2022

You can even lower the total amount you have to repay if your debt consolidation method offers a lower interest rate. There are several ways to consolidate debts. In this guide, we’ll walk you through your options and show you how debt consolidation could simplify your repayments and save you money. Credit card 3.

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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. It’s resolved more than $1 billion in unsecured debt since it first launched in 2009.

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Sawin & Shea

APRIL 10, 2024

Chapter 7 bankruptcy is a great financial solution for those struggling with debt, especially unsecured debts. With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets. What Is Chapter 7 Bankruptcy?

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Credit Corp

JUNE 1, 2021

Pay down debt. For most people, the way to do this is to get rid of unsecured debt that they carry month to month. Other professions have programs that help repay student loans with monthly assistance, one-time payoffs, or matching funds. Lenders are usually very open to figuring out a payment plan.

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Credit Corp

MARCH 16, 2021

Here you apply for a debt consolidation loan, and once lenders give the money, you can use it to pay all your unsecured debts. The interest rate of a consolidation loan is lower than credit cards and other unsecured debts. Types of Debt Consolidation Loans. That’s for sure.

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