Sawin & Shea

JANUARY 25, 2022

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. What is Secured Debt? Secured debts are a type of debt backed by an asset that is used as collateral. What is Unsecured Debt?

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Unsecured Debt Collateral Secured debt Bankruptcy 52

Sawin & Shea

NOVEMBER 15, 2023

If a debt is unsecured, no collateral is put up as a guarantee to pay. Unsecured Debt What is unsecured debt? However, it is important to note that before bankruptcy is declared, lenders can still come after you to get you to pay off the unsecured debt.

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Unsecured Debt Chapter 7 bankruptcy Collateral Bankruptcy 52

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. Dischargeable debts are those that can be eliminated through bankruptcy.

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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Better Credit Blog

FEBRUARY 11, 2022

The firm can deal only with unsecured debts, including credit card bills. It can’t tackle secured debts like auto loans and mortgages. Credit card loans. Personal loans. Business debt. Student debt. IRS debt and back taxes. Auto loans and government loans.

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Debt settlement Creditors Lender Unsecured Debt 72