Foreclosure Lawyers Secured debt 
Debt Free Colorado
DECEMBER 9, 2021
If you have a large amount of credit card debt or high medical costs that you can’t pay, Chapter 7 may allow you to start again. Chapter 7 is a disaster when it comes to secured debt. . Chapter 7 will not assist you if your primary source of debt is a mortgage, auto loan, or other kinds of debt.
Sawin & Shea
FEBRUARY 21, 2024
A major benefit of Chapter 13 bankruptcy is that it allows the filer to catch up on missed mortgage, car loan, and other secured debt payments by incorporating them into the repayment plan. This helps prevent repossession or foreclosure. Unlike dischargeable debt, you will need to pay the full dollar amount of the debt.
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Credit Corp
MAY 3, 2023
It’s typically a good idea to consult an experienced bankruptcy lawyer before you file a bankruptcy petition. Bankruptcy does have some benefits, such as potentially putting a stop to wage garnishments or foreclosures. Usually during a Chapter 13 you only pay off part of your debts. It’s a powerful protection.
Sawin & Shea
MAY 2, 2024
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. Bankruptcy legal fees are an investment in finally resolving your debt for good.
Sawin & Shea
MARCH 13, 2024
In this blog, you’ll learn about whether you can reaffirm your debt in Ch. Have additional questions regarding bankruptcy or reaffirming secured debts? Entering a reaffirmation agreement is a way that debtors in a Chapter 7 bankruptcy keep collateral attached to secured debt like houses or cars.
Debt Free Colorado
DECEMBER 23, 2024
After completing the plan, any remaining unsecured debts may be discharged. To qualify for Chapter 13, You must have unsecured debt under $465,275 and secured debt under $1,395,875. This legal shield blocks creditors from calling you, stops foreclosure sales, prevents wage garnishments , and halts all collection lawsuits.
Debt Free Colorado
MARCH 3, 2023
Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. Chapter 13’s main advantage is that it stops creditors from bothering you and allows you to keep property subject to a security interest, provided you continue to make payments in the repayment plan. What Debts are Discharged in Bankruptcy?
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