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Chapter7Bankruptcy In Chapter7bankruptcy , eligible unsecured debts, including medical bills, may be discharged. That means the debtor is no longer legally obligated to repay these debts. Medical bills are typically considered unsecured debts. That includes medical bills.
If you are uncertain about your options, speaking with a financial advisor or an experienced bankruptcy attorney can help. Understanding DebtConsolidationDebtconsolidation is the process of taking out a brand-new loan and using the money to pay off other loans or debts.
In this blog, we’ll discuss how Chapter 13 usually affects credit scores, and we’ll give you actionable tips to begin rebuilding your credit. If you have additional questions regarding Chapter 13 or Chapter7bankruptcy, contact the attorneys at Sawin & Shea, LLC.
File for BankruptcyBankruptcy is a legal process that allows you to eliminate some or all of your debts. In a Chapter7bankruptcy, also known as a liquidation bankruptcy, a trustee sells some of your assets and uses the proceeds to repay as much of your debt as possible.
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