Sawin & Shea

AUGUST 9, 2023

Briefly, unsecured debts are not backed by any collateral and include things like credit card balances and unpaid medical bills. However, secured debt means the borrower has put up collateral (e.g. However, secured debt means the borrower has put up collateral (e.g. Do I Need a Lawyer to File for Bankruptcy?

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FFGN COLLECT NY

NOVEMBER 21, 2022

Seeking replevin is common and used by debt collection lawyers to recover goods or collateral for their clients. Replevin is available to a party seeking the return of goods pursuant to a court order directing a party to return the goods or collateral to you. Copies of the stamped filings should be attached.

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Sawin & Shea

MARCH 15, 2022

When filing under Chapter 13, you’re required to pay unsecured creditors — meaning they can’t recover physical property as collateral — the liquidated value of your nonexempt property. For experienced bankruptcy attorneys in Indianapolis, contact the lawyers at Sawin & Shea. Filing for bankruptcy is often confusing and challenging.

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Sawin & Shea

DECEMBER 7, 2022

Secured debts refer to debts with collateral, such as a home or car. If you need help getting started with filing bankruptcy this holiday season, consider enlisting the services of Chapter 13 or Chapter 7 bankruptcy lawyers. With Chapter 7 bankruptcy , you reaffirm your secured debts while discharging unsecured debts.

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Debt Free Colorado

DECEMBER 23, 2024

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. These loans do not require collateral, so they are considered unsecured. How Can a Bankruptcy Lawyer Help Me With Managing Unsecured Debts?

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Sawin & Shea

MARCH 13, 2024

Entering a reaffirmation agreement is a way that debtors in a Chapter 7 bankruptcy keep collateral attached to secured debt like houses or cars. All of the original terms of the loan are back in force, including the creditor’s right to repossess the collateral if you get behind on payments in the future.

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Sawin & Shea

MAY 2, 2024

Just be sure to hire an experienced bankruptcy lawyer to correctly file all the required paperwork with the courts and properly list all assets, your bank account, and creditors. Secured obligations have collateral attached, such as a mortgage secured by your home or an auto loan secured by your vehicle. Repossessions are pending.

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Sawin & Shea

OCTOBER 27, 2021

If you’re struggling with medical debts, we encourage you to contact medical bill lawyers to go over options to make your medical debt more manageable. Unsecured debt is a term meaning that there’s nothing tangibly connected to your debt that could be used as collateral, such as a car or house, which would both be secured debts.

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Chapter 13 bankruptcy Bankruptcy Unsecured Debt Lawyers 52

Debt Free Colorado

DECEMBER 9, 2021

Unsecured debt is debt without collateral. Collateral guarantees debt repayment. appeared first on Denver Lawyer Clark Daniel Dray. For instance, if you did not agree to the creditor seizing the property obtained on credit, the debt is unsecured. This is a secured obligation.

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BN Lawyers

APRIL 5, 2019

Commons examples of first day motions include: (1) Motion to Use Cash Collateral; (2) Motion to Pay Prepetition Payroll; and (3) Motion for Order Authorizing Payment of Critical Vendors. Motion to Use Cash Collateral. Cash collateral is a liquid asset that is subject to a lien or security interest of a creditor.

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Sawin & Shea

FEBRUARY 28, 2024

Unsecured loans don’t have collateral. Experienced lawyers recommend waiting 12-24 months to improve the chances of getting a loan agreement with a lender, whether that is a bank, credit union, credit card company, or any other financial institution. How soon after discharge can I apply for a new personal loan?

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Personal loans Bankruptcy Chapter 13 bankruptcy Loans 52

Debt Free Colorado

APRIL 9, 2020

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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Collections Law

MAY 7, 2021

When that does not happen, we pursue collateral approaches. Through our years of experience collecting post-judgment, enforcing mechanic’s liens , and utilizing aggressive and relentless business debt collection tactics, the debt collection lawyers at the Law Offices of Alan M. Turn to a Proven and Effective Debt Collections Lawyer.

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Better Credit Blog

JANUARY 11, 2022

To help you better understand how bankruptcy works, we reached out to financial lawyers who specialize in guiding their clients through the process. ” Finding The Right Lawyer. The first step to filing for bankruptcy is to find the right lawyer. According to Hoorfar, a lawyer can help you in the following ways.

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Debt Free Colorado

OCTOBER 12, 2023

The complicated procedure of filling out bankruptcy documents needs the assistance of Colorado bankruptcy lawyers , like the Law Office of Clark Daniel Dray. Two of the most typical collateralized loans are mortgages and auto loans. We will discuss how to fill out bankruptcy forms in Colorado or any part of the country below.

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Sawin & Shea

APRIL 10, 2024

For experienced bankruptcy lawyers in Indiana, contact Sawin & Shea, LLC. 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.

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Sawin & Shea

OCTOBER 11, 2023

If a debt is secured, it means it is backed up by collateral property. If a debt is unsecured, no collateral is put up as a guarantee to pay. For the best advice and to ensure that your bankruptcy process will proceed as smoothly as possible, your best choice is to hire an experienced lawyer.

Bankruptcy 52

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Sawin & Shea

APRIL 24, 2024

To determine the best way to proceed, and whether Chapter 7 or Chapter 13 bankruptcy are right for you, you should meet with an experienced bankruptcy lawyer. A bankruptcy lawyer can help you create a strategy to protect your assets and ensure that your bankruptcy petition goes as smoothly as possible.

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Collections Law

AUGUST 11, 2020

Whether you operate in or outside Massachusetts, if your customer to whom you had provided goods or rendered services on credit is located in Massachusetts and is not paying off your debt, then get in touch with our experienced and aggressive debt collection lawyer, Alan M. A mechanics lien serves like collateral. Cohen, today.

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Debt Free Colorado

NOVEMBER 28, 2024

It includes those taken for personal needs without collateral. It can help smoothen the process for both client and lawyer. Discharge Your Debt With Help From a Reliable Bankruptcy Lawyer Now! The Law Office of Clark Daniel Dray offers you the help of our trusted team of bankruptcy lawyers.

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BN Lawyers

MARCH 23, 2020

Secured creditors can foreclose on their collateral if they are not paid and have special rights in a reorganization proceeding. WHEN SHOULD I TALK TO A LAWYER? A lawyer could help at any stage, including the legal aspects of your business plan. Drawing on secured credit facilities is less of a winning proposition.

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Debt Free Colorado

MARCH 10, 2021

UpRight’s advice resulted in the debtors being sued by their automobile lender for conversion of its collateral. The post UpRight Law “Agrees to Pay More than $300,000 in Relief to Consumers and to a Six-Year Practice Ban” appeared first on Denver Lawyer Clark Daniel Dray.

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Debt Free Colorado

JANUARY 27, 2022

Rather than that, you will pay an amount equal to the value of the non-exempt property to your unsecured creditors (creditors whose debt is not covered by collateral). appeared first on Denver Lawyer Clark Daniel Dray. Meaning, the Trustee will not sell your non-exempt property. Don’t delay.

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Sawin & Shea

JUNE 21, 2023

You’ll lose desirable repayment options : Chapter 13 repayment plans can lower your debt interest rates or reduce the principal amount you owe for collateral. Contact our seasoned lawyers today at 317-759-1483, or you can schedule a FREE consultation online here. The post Chapter 13 Bankruptcy Dismissed. Can I Refile?

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Sawin & Shea

APRIL 17, 2024

A bankruptcy lawyer can help you find a creditor who’s willing to work with you, and they’ll file a motion to receive permission from the court and the bankruptcy trustee. Fortunately, you can obtain a secured card that includes collateral.

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Collections Law

OCTOBER 5, 2020

The relentless collection lawyers at the Law Offices of Alan M. Attachments can be used to seize collateral such as real estate or bank accounts to create a path for debt recovery on the judgment. Cohen LLC utilize aggressive, effective, and ethical practices to get the most out of your debtors.

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BN Lawyers

MAY 28, 2019

Vigilant and proactive creditors can request that a separate bank/escrow account be created to prevent, or, at the least, minimize, commingling, resulting in the protection and preservation of important collateral.

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Sawin & Shea

JULY 5, 2023

Apply for a Secured Credit Card To obtain a secured credit card , you must first deposit collateral with the lender which makes it less risky for them. Filing for Chapter 7 bankruptcy isn’t simple and an experienced bankruptcy lawyer can explain each step in terms a layman can understand, and can help you avoid costly mistakes.

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Collections Law

JULY 1, 2020

There are several reasons why a business should hire an experienced collections lawyer who focuses on debt collection. A mechanic’s lien is collateral. A debtor who is unwilling to pay has to be pursued much more aggressively, and our diligent debt collection attorneys have the skills and knowledge to make this happen.

Mechanic’s Liens 52

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Collection Industry News

SEPTEMBER 29, 2020

Companies are nevertheless still required to file first day motions, including, for example, motions to use cash collateral, to make “adequate protection” payments to secured creditors after the petition date and before the plan is confirmed (via the Subchapter V trustee), and to file applications to employ professionals.

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Debt Free Colorado

MARCH 3, 2023

Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. Generally, secured debt (loans backed by collateral), student loans, child support or alimony, recent taxes, criminal fines, or personal injury judgments cannot be discharged. You can use these FAQs to discover answers to the most typical queries.

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Collection Industry News

JANUARY 13, 2024

However, while mortgages and auto loans, for example, are backed by collateral that likely eventually become a pure asset, credit card accounts are simply debt on a ledger. Call a lawyer. Paying it off does not result in having an asset. You might be surprised at what you learn. Most of that scary stuff is untrue. Don’t trust Google.

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Collection Industry News

JUNE 17, 2024

However, while mortgages and auto loans, for example, are backed by collateral that likely eventually become a pure asset, credit card accounts are simply debt on a ledger. Call a lawyer. Paying it off does not result in having an asset. You might be surprised at what you learn. Most of that scary stuff is untrue. Don’t trust Google.

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Credit Card Debt Student Loans Student loans Loans 40

BN Lawyers

APRIL 12, 2019

One such way is to remove all of the debtor’s legal and equitable title to the collateral subject to the contract by way of escrow accounts, trusts and other legal instruments. Thus, a creative and pro-active creditor can take measures in advance of a bankruptcy filing to protect its interests in collateral.

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