Banks, Personal loans and Unsecured Debt - Creditor Collections Today

What Happens to My Personal Loan After Bankruptcy?

Sawin & Shea

OCTOBER 26, 2022

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method best suits your financial situation.

Personal loans

Personal loans Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy

What Debts Can Bankruptcy Eliminate: Examples of Unsecured Debt

Debt Free Colorado

DECEMBER 23, 2024

Understanding what debts bankruptcy can eliminate is important. This where knowing Colorado unsecured debt examples can be helpful. Unsecured debt is a type of debt that is not backed by collateral. In this article, we will explore the types of unsecured debts that bankruptcy can erase.

Unsecured Debt

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What is the Difference Between Secured and Unsecured Debt?

Sawin & Shea

JANUARY 25, 2022

While bankruptcy itself can also be scary, it is often the best option if you have too much debt to get a handle on your financial situation. However, which type of bankruptcy you file will also depend on what kind of debt you have. Secured and unsecured debt is handled differently in Chapter 7 vs. Chapter 13.

Unsecured Debt

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What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

FEBRUARY 28, 2024

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method suits your financial situation.

Personal loans

Personal loans Bankruptcy Chapter 13 bankruptcy Loans

Consolidating Your Debt? Here’s What NOT to Do

Debt Guru

JULY 19, 2020

Every month, you face a mound of credit card and bank statements (or your inbox fills up with them, and you have to write a separate check (or perform an individual internet transfer) for each of them. All the while, you feel like you’re no closer to zeroing out your balance on any of those debts. Don’t jeopardize your home.

Debt Consolidation

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How Much Debt Is Needed to File for Bankruptcy?

Sawin & Shea

MAY 2, 2024

If you qualify for Chapter 7 bankruptcy, our attorneys can guide you through the process of eliminating unsecured debts, such as credit card balances, medical expenses, and personal loans, within a matter of months. Bankruptcy legal fees are an investment in finally resolving your debt for good.

Bankruptcy

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Discharging Debt in Denver? Can You Include Your Bankruptcy Attorney Fees?

Debt Free Colorado

NOVEMBER 28, 2024

Quick Summary: Bankruptcy is a legal process that offers relief from overwhelming debt for individuals and businesses. Certain debts—such as credit card debt, medical bills, and personal loans—can be discharged. However, not all debts can be discharged. This provides relief from significant healthcare costs.

Chapter 13 bankruptcy

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FAQs About Debt Management Plans

Debt Guru

JANUARY 27, 2021

A debt management plan (DMP) is an agreement between a debtor (that’s you, the person in debt) and a creditor (think: your bank or your credit card company) that tackles your outstanding debt. What types of debts can I lump together in a DMP?

Debt Management

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How to Get out of a Debt Spiral–11 Easy Things to Do [TODAY]

Credit Corp

MARCH 16, 2021

Next, you have to check your bank and financial statements to get an idea of your net worth. Look at your credit card statements and bank statements to know how much you have spent money and where. If it looks like your list is never-ending, you are probably in a debt spiral and need to get out of it. All the answers are there.

Debt Consolidation

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Discharge in Bankruptcy – Bankruptcy Basics

Sawin & Shea

AUGUST 30, 2023

Chapter 13 Bankruptcy is a Federal Bankruptcy Court-sanctioned debt reorganization plan. You are not allowed to have more than $465,275 of unsecured debt (such as credit card or medical debt) or more than $1,395,875 of secured debt (such as a house, property, or vehicle). Personal loans.

Bankruptcy

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Does Chapter 13 Wipe All of Your Credit?

Sawin & Shea

APRIL 17, 2024

Chapter 13 Bankruptcy Discharge Once you complete paying off your repayment plan over three to five years, the court will discharge your eligible debts. You will not be able to discharge: Family and child support Most student loans Most local, state, and federal taxes How Does Filing Bankruptcy Impact Your Standing with Credit Bureaus?

Chapter 13 bankruptcy

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National Debt Relief Review

Better Credit Blog

FEBRUARY 11, 2022

One of the most reputable is National Debt Relief, which has helped 100,000 families and individuals pay off their arrears in full. It’s resolved more than $1 billion in unsecured debt since it first launched in 2009. Decide whether the company’s services are right for you with this review of National Debt Relief.

Debt settlement

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How to Ensure Financial Security in the Future–in 12 Steps

Credit Corp

JUNE 1, 2021

Debit cards can help avoid overspending, as you cannot spend more than you have in your bank account. Pay down debt. For most people, the way to do this is to get rid of unsecured debt that they carry month to month. Most other types of debt are unhealthy or unproductive. Put the debit card away.

Student loans

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Can You Buy a House After Chapter 7 with a Co-Signer?

Sawin & Shea

MAY 8, 2024

Keep your credit utilization low by paying down high-interest debt like credit cards, car loans , and personal loans when working toward owning a house after bankruptcy. Avoid taking on new debt, unsecured debts , or a car loan until your credit score improves.

Chapter 7 bankruptcy

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What Assets Do You Lose in Chapter 7?

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. Retirement accounts are generally exempt. Does Indiana Have a Motor Vehicle Exemption?

Chapter 7 bankruptcy

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Creditor Collections Today

What Happens to My Personal Loan After Bankruptcy?

What Debts Can Bankruptcy Eliminate: Examples of Unsecured Debt

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What is the Difference Between Secured and Unsecured Debt?

Webinars

What Happens After a Personal Loan Bankruptcy Discharge?

Consolidating Your Debt? Here’s What NOT to Do

How Much Debt Is Needed to File for Bankruptcy?

Discharging Debt in Denver? Can You Include Your Bankruptcy Attorney Fees?

FAQs About Debt Management Plans

How to Get out of a Debt Spiral–11 Easy Things to Do [TODAY]

Discharge in Bankruptcy – Bankruptcy Basics

Does Chapter 13 Wipe All of Your Credit?

National Debt Relief Review

How to Ensure Financial Security in the Future–in 12 Steps

Can You Buy a House After Chapter 7 with a Co-Signer?

What Assets Do You Lose in Chapter 7?

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