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Compliance Digest – April 7

Account Recovery

The court considered the issue based on the collateral estoppel defense. Judge Partially Grants Defendants Motion for Reconsideration in FDCPA Case The joke about lawyers is that their answer to any question is never a straight answer it always depends. The district court judge dismissed the matter and the 8thCircuit affirmed.

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What Happens to My Personal Loan After Bankruptcy?

Sawin & Shea

Unsecured loans are loans that don’t have collateral. Common unsecured loans include: Bank loans with no collateral. Unlike unsecured personal loans, secured loans involve some form of collateral that the lender can repossess if the borrower fails to make payments. Payday loans. Signature loans.

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Consumer Debt vs. Non Consumer Debt

Sawin & Shea

Some examples of consumer debt include: Personal credit card debt Store financing Home mortgages Rental furniture Personal lines of credit and bank loans Vehicle leases, which can include cars, planes, boats, and more Cosmetic-based medical debt Family or personal legal fees. The post Consumer Debt vs.

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Dealing With Debt From COVID-19

Debt Free Colorado

They will feel obligated to protect their interest in the collateral (your car) and can move quickly to repossess after only a few missed payments. The post Dealing With Debt From COVID-19 appeared first on Denver Lawyer Clark Daniel Dray. Coronavirus Car Payment Relief Programs. Your Mortgage.

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What Is Nonexempt Property In Bankruptcy, And Why Does It Matter?

Debt Free Colorado

The Trustee confiscates your bank and savings accounts when the bankruptcy order is issued. Additionally, your assets may contain items that are often overlooked, such as bank accounts, life insurance, inheritance, and possible litigation. investments include cash, bank accounts, stocks, bonds, and other assets.

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What Debts Can Bankruptcy Eliminate: Examples of Unsecured Debt

Debt Free Colorado

Unsecured debt is a type of debt that is not backed by collateral. These debts have no collateral, so creditors cannot take your property without going to court first. When you use a credit card, you borrow money from the bank. These loans do not require collateral, so they are considered unsecured.

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Using Your Debtor’s Assets to Secure Judgment Collections

Collections Law

We request information about any bank accounts, real estate, inventory, vehicles, or other valuable property, and the debtor must provide full information about the assets. When that does not happen, we pursue collateral approaches. Turn to a Proven and Effective Debt Collections Lawyer. Using Attachments to Your Advantage.