Sawin & Shea

NOVEMBER 15, 2023

Declaring bankruptcy will discharge most types of debt but not others. Before you declare bankruptcy, it’s crucial to understand how the law treats the concept of secured vs unsecured debt. It matters because not all debts are equal in the eyes of the law. Secured vs Unsecured Debt: What’s the Difference?

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Unsecured Debt Chapter 7 bankruptcy Collateral Bankruptcy 52

Sawin & Shea

OCTOBER 26, 2022

In addition to unsecured personal loans, there are other types of unsecured debts, such as: Medical bills. Credit card debts. Unlike unsecured personal loans, secured loans involve some form of collateral that the lender can repossess if the borrower fails to make payments. Repossession deficiency claims.

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Personal loans Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy 98

Credit Corp

OCTOBER 25, 2020

Once your overdrawn bank account enters collections, there is a specified amount of time in which a bank or debt collection agency can sue you. Bank debts are considered unsecured debts, and the time frame in which you can be sued varies by state.

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Banks Unsecured Debt Collection Agencies Collections Agency 104

Sawin & Shea

JULY 28, 2021

If you file for Chapter 13 Bankruptcy in Indiana, you will still be obliged to pay something toward your debts; it’s just that you will be given a payment plan that reduces your unsecured debts based upon your ability to pay, that puts you on a manageable schedule, and that holds your creditors at bay while you work on making achievable payments.

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Bankruptcy Chapter 13 bankruptcy Credit Card Debt Chapter 7 bankruptcy 105

Taurus Collect

NOVEMBER 15, 2023

How to File a Complaint About Unacceptable Debt Collection Practices Lodge a Complaint with the Debt Collection Agency: In the UK, it’s advisable to first lodge a complaint directly with the debt collection agency involved.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 52

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). Collection agency bills.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Debt Guru

AUGUST 30, 2021

When your voicemail is filled with messages from collection agencies and stacks of bills arrive in your mailbox that you have no chance of paying, it’s time for some serious debt relief help. So, when should you seriously consider debt relief?

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Chapter 7 bankruptcy Credit Counselor Debt settlement Chapter 13 bankruptcy 52