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Is It Better To Declare Bankruptcy or Debt Consolidation?

Sawin & Shea

When you are overwhelmed by debt, you may start to wonder if declaring bankruptcy or pursuing debt consolidation is the better option. Understanding the key aspects of each can help you determine what is better, bankruptcy or debt consolidation, for your situation. The court reviews your finances to prevent fraud.

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Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

Occasionally, creditors may refuse to repossess little goods due to the expense of picking them up. Recognize the types of debts that are dischargeable under Chapter 13. Secured Debts Consolidated or Eliminated. Even if you have been discharged, unpaid debts may result in foreclosure or repossession.

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Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

Protect secured debt (home and car) from default to avoid a repossession or foreclosure. Negotiate unsecured debt (credit cards) if you are unable to keep up with payments. We work with consumers seeking debt consolidation loans, or who may be considering options like debt negotiation or bankruptcy.

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How To Fix A Bad Credit Score

Better Credit Blog

Did you build up too much credit card debt? Did you have something repossessed or foreclosed? ” Consider A Debt Consolidation Loan<h/h2> If you have multiple credit cards or other outstanding debts that are dragging down your rating, consider applying for a debt consolidation loan.

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What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

Types of personal loans include: Installment Plan Payday Peer-to-Peer Lending Cosigner /Guarantor Debt Consolidation Variable Rate Fixed Rate During your bankruptcy proceeding, at least a portion of these loans will be discharged, whether you borrowed from brick-and-mortar or online lenders.

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Debt After Death: 9 Things You Need to Know

Credit Corp

If the estate cannot pay off the loan, the person who inherits the car can sell it to cover the debt. If no one is able to pay off the loan, the lender may repossess it. Credit Card Debt . Joint credit card debt passes straight to the other borrower.

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How Much Debt Is Needed to File for Bankruptcy?

Sawin & Shea

Whether you’re facing foreclosure , repossession, wage garnishments, or relentless creditor harassment, our expertise in bankruptcy law can offer the protection and relief you’ve been seeking. When Bankruptcy Makes Sense In some situations, bankruptcy provides much more powerful debt relief than any alternative.