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Dealing With Debt From COVID-19

Debt Free Colorado

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. If you own a home the consequences of a judgment against you are more significant as judgment creditors can place liens against your home.

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What Debts Can Bankruptcy Eliminate: Examples of Unsecured Debt

Debt Free Colorado

Chapter 7 bankruptcy remains on credit reports for 10 years. Unsecured Debts in Chapter 13 Bankruptcy Chapter 13 bankruptcy works differently. You pay back some of your debts over three to five years. After completing the plan, any remaining unsecured debts may be discharged.

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Need Debt Relief? Here Are Your Options

Debt Guru

Also, if you had a co-signer on any of your debt, they would now be responsible for the balance. This type of bankruptcy will stay on your credit report for ten years. This type of bankruptcy stays on your credit history for 7 years. Debt Settlement.

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How Much Debt Is Needed to File for Bankruptcy?

Sawin & Shea

Whether you’re facing foreclosure , repossession, wage garnishments, or relentless creditor harassment, our expertise in bankruptcy law can offer the protection and relief you’ve been seeking. One of our firm’s key strengths lies in our comprehensive understanding of both Chapter 7 and Chapter 13 bankruptcy options.

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Credit Card Debt Forgiveness: What You Need to Know

Credit Corp

Credit card debt forgiveness, also known as debt settlement, involves negotiating with creditors to reduce the amount owed on your credit card balances. It’s crucial to fully understand the terms and consequences before pursuing debt forgiveness and to explore other options such as debt management or consolidation.

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How to File for Bankruptcy

Better Credit Blog

There are several different types of bankruptcies, but the majority of individuals can only file for Chapter 7, which is also known as liquidation bankruptcy, and Chapter 13 bankruptcy, which is also known as the wage earner’s plan. Pay stubs for the past six months before the bankruptcy.