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Getting Approved for a Loan After Bankruptcy

Sawin & Shea

How to obtain a personal loan: Get a copy of your credit reports (Equifax, Experian, and TransUnion). Apply for a Home Equity Loan or a Home Equity Line of Credit (HELOC). These loans use the difference between your home’s value and your mortgage balance as collateral. Keep a low balance within each month.

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Who Can Declare Chapter 7 Bankruptcy?

Sawin & Shea

Filing Chapter 7 bankruptcy provides you with an automatic stay that prohibits creditors from being able to take any action to collect a debt against you, such as repossessions, wage garnishment, and legal action. Additionally, your creditors will not be allowed to contact you.

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

Debt Free Colorado

Complete protection from creditors – This includes wage garnishment and debt collection. personal loans, personal loans, delinquent income tax obligations, . and the majority of court judgments. Maintain ownership of all property – As long as you comply with the terms of your repayment plan.

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Debt Collection Lawsuits Are Surging

Collection Industry News

Default Judgments in Debt Collection Cases. The survey data showed that more than 70% of debt collection suits ended in default judgments. In Alabama, if a judgment is entered against you, the creditor who got the judgment can do several things as far as trying to collect on the judgment. • That is 20 years!

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How Much Debt Is Needed to File for Bankruptcy?

Sawin & Shea

Enter Sawin & Shea, LLC – a firm with over 50 years of combined experience in bankruptcy services, dedicated to providing compassionate and non-judgmental representation to individuals and families in need. One of our firm’s key strengths lies in our comprehensive understanding of both Chapter 7 and Chapter 13 bankruptcy options.

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What is the Difference Between Secured and Unsecured Debt?

Sawin & Shea

Common types of unsecured debts include: Credit cards Student loans Personal loans Medical debt Back rent Utility bills Child support. Once the lender has obtained a court judgment against you, they can then proceed to use aggressive collection remedies to pay back what you owe. Examples of Unsecured Debts.

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The Growth Potential of the Debt Collection Industry: An In-Depth Analysis

Collection Industry News

The need to manage and recover consumer debts, including credit card debt, personal loans, and medical bills, is expected to contribute to the growth of the debt collection industry. Claims that are being forwarded are more collectible or they are ending up as a judgment.