The Creditors Rights

MAY 24, 2016

In Wells Fargo Bank, N.A. The value of the bank’s collateral exceeded the amount the bank was owed. The debtor’s plan, however, provided that the bank would not be entitled to any default interest on its claim, and treated the claim by modifying its terms and providing for payment amortized over 30 years. 819 (9 th Cir.

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Sawin & Shea

AUGUST 30, 2023

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). Under Chapter 13 Bankruptcy, you have time and a plan in which to repay your debts.

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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? Secured debts, like your mortgage or car payments, aren’t covered.

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Collections Law

JULY 1, 2020

As experienced collections attorneys, rather than providing a multitude of services to our clients in many different areas of law, we prefer to focus on debt collection and construction litigation with an expanded coverage area, which has resulted in our incredible success in Massachusetts debt collection. At the Law Offices of Alan M.

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Better Credit Blog

FEBRUARY 11, 2022

National Debt Relief will assess this by asking to see proof of income and expenses, like bank statements and wage slips. The firm can deal only with unsecured debts, including credit card bills. It can’t tackle secured debts like auto loans and mortgages. IRS debt and back taxes. Other secured debts.

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Debt RR

DECEMBER 13, 2019

Corporations have been increasingly defaulting on debt, with many businesses are struggling to maintain revenues and liquidity. Sometimes businesses aren’t prepared for market changes or a slump stretches longer than it should have, causing them to fall further into debt as bills pile up. Past-Due Secured Debt.

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Debt RR

JANUARY 24, 2020

Secured debt: If a business receives a loan or other credit — like a credit card — because of specific assets or liquid collateral, they have secured debt. Though more uncommon than equipment leases and unsecured debt, some businesses are able to acquire secured credit options.

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Debt Free Colorado

DECEMBER 23, 2024

After completing the plan, any remaining unsecured debts may be discharged. To qualify for Chapter 13, You must have unsecured debt under $465,275 and secured debt under $1,395,875. Here are some common examples of unsecured debt: Credit Card Debt This is one of the most common types of unsecured debt.

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Sawin & Shea

APRIL 10, 2024

Reaffirming Debts in Chapter 7 Bankruptcy Chapter 7 bankruptcy allows you to discharge your unsecured accounts, but you cannot do away with a creditor’s a security interest, meaning a debt with collateral must either get paid or the collateral property surrendered. Retirement accounts are generally exempt.

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