Sawin & Shea

JANUARY 25, 2022

While bankruptcy itself can also be scary, it is often the best option if you have too much debt to get a handle on your financial situation. 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.

Unsecured Debt 52

Unsecured Debt Collateral Secured debt Bankruptcy 52

Roths Child Law

DECEMBER 17, 2021

They also won't care about the practical consequences of getting a lien against your house or a judgment awarding them a garnishment of your future income. It allows you to temporarily halt pending lawsuits and potentially discharge unsecured debt, like your medical bills.

Unsecured Debt 98

Unsecured Debt Collections Bankruptcy Garnishment 98

Roths Child Law

MARCH 15, 2023

They can temporarily delay foreclosure and repossession with an automatic stay and prevent creditor lawsuits from leading to a judgment that might result in wage garnishment later. How bankruptcy helps For professionals trying to regain financial control after losing their jobs, bankruptcy can be a powerful form of help.

Bankruptcy 96

Bankruptcy Repossession Foreclosure Unsecured Debt 96

Sawin & Shea

JANUARY 18, 2023

Chapter 7 is the most common form of bankruptcy for individuals and families, and it allows you to discharge many of your unsecured debts within only a few months. Chapter 7 bankruptcy is a form of personal bankruptcy that liquidates filers’ assets to discharge qualifying unsecured debts. What is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy 81

Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy Unsecured Debt 81

Troutman Sanders

APRIL 27, 2023

Noting a rise in credit card delinquencies, the Consumer Financial Protection Bureau (CFPB or Bureau) released a new blog post analyzing civil judgments, the final recourse for creditors to collect on unsecured debt. According to the CFPB, civil judgments are “”both common and unevenly distributed.””

Garnishment 52

Garnishment Unsecured Debt Bankruptcy Judgment 52

Credit Corp

MARCH 12, 2025

Table of contents: Respond to the lawsuit Make the debt collector prove their case Ways to deescalate Consider defense Options File a motion to compel arbitration Step 1: Respond to the Lawsuit Although it may be tempting, do not ignore the “ Summons and Complaint ” document.

Debt collector 52

Debt collector Credit Card Debt Creditors Bankruptcy 52

Debt RR

AUGUST 3, 2020

This unpaid debt can lead to a serious problem for businesses: garnishment. Bank account garnishment can create serious cash flow blocks for companies of all sizes, and those cash flow problems can compound into other issues, like payroll concerns and late payments on other accounts.

Garnishment 40

Garnishment Banks Student loans Student Loans 40