What Debts Can Bankruptcy Eliminate: Examples of Unsecured Debt
Debt Free Colorado
DECEMBER 23, 2024
Chapter 13 creates a 3-5 year payment plan that lets you keep assets, but you need steady income and must owe less than $465,275 in unsecured debt. Credit cards, medical bills, and personal loans make up most unsecured debt that bankruptcy can eliminate. These loans do not require collateral, so they are considered unsecured.
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