Debt Free Colorado

DECEMBER 9, 2021

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

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 75

Sawin & Shea

JUNE 7, 2023

Obtaining Personal Loans with a Cosigner Having a co-signer on a personal loan or credit card means that you associate another individual with your debt. Creditors can pursue reimbursement from the co-signer via repossessions, foreclosures, wage garnishment , and other aggressive actions.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Personal loans 52

Sawin & Shea

MAY 2, 2024

With a deep commitment to personalized service, we take the time to understand your unique circumstances and tailor our approach to your specific needs. This powerful solution can immediately halt creditor harassment, wage garnishments, and lawsuits, allowing you to breathe a sigh of relief and regain control of your financial life.

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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Debt Free Colorado

DECEMBER 23, 2024

Credit cards, medical bills, and personal loans make up most unsecured debt that bankruptcy can eliminate. This type of bankruptcy often eliminates credit card debt, medical bills, and personal loans. Personal Loans Personal loans are borrowed money that you agree to pay back over time.

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Unsecured Debt Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy 52

Sawin & Shea

JANUARY 25, 2022

Common types of unsecured debts include: Credit cards Student loans Personal loans Medical debt Back rent Utility bills Child support. These remedies can include garnishing your wages and bank accounts and seizing and selling your non-exempt personal property. Examples of Unsecured Debts.

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Unsecured Debt Collateral Secured debt Bankruptcy 52

Sawin & Shea

MARCH 7, 2023

When you file for Chapter 7 bankruptcy, the Court will place an automatic stay upon filing, which stops creditors from collecting payments, garnishing wages, or repossessing property. This includes debts such as credit card balances, medical bills, personal loans, utility bills, back rent, mortgages, and car payments.

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Chapter 7 bankruptcy Lawyers Bankruptcy Unsecured Debt 52

Sawin & Shea

NOVEMBER 15, 2023

Unsecured debt would include things like: Medical bills Credit card bills Utility bills Back rent Personal loans At the end of the bankruptcy process, the remaining balances for these types of unsecured debts will likely be forgiven. If a debt is unsecured, no collateral is put up as a guarantee to pay.

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Unsecured Debt Chapter 7 bankruptcy Collateral Bankruptcy 52

Collection Industry News

SEPTEMBER 23, 2020

It can garnish wages and bank accounts, • It can force the sheriff to seize your home, real estate, and personal property. Failing to respond to a lawsuit can result in default judgment on a case you could have won, and end in wage garnishment or loss of other assets. Bond & Botes Helps People Struggling with Debt.

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Collections Debt collector Chapter 13 bankruptcy Chapter 7 bankruptcy 40

Credit Corp

MAY 3, 2023

Bankruptcy does have some benefits, such as potentially putting a stop to wage garnishments or foreclosures. You typically can’t apply for most types of credit, including a mortgage, auto loan or significant personal loan, without getting the court’s approval if you’re in the middle of a Chapter 13 bankruptcy, for example.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Creditors 97

Collection Industry News

JUNE 1, 2023

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. This trend presents significant growth opportunities for debt collection agencies.

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Sawin & Shea

SEPTEMBER 27, 2023

If the court grants a judgment in favor of the creditor, they have additional collection options, such as wage garnishment, bank account levies, or placing liens on the debtor’s property. The money earned from these sales then goes to the creditors and any remaining balances on the debts are discharged.

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Chapter 7 bankruptcy Bankruptcy Debt collector Debtor 52

Sawin & Shea

JUNE 14, 2023

The Chapter 7 bankruptcy process usually takes between three and six months and will eliminate eligible unsecured debts, such as personal loans, credit card debts, and medical debts.

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Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Better Credit Blog

APRIL 11, 2022

The types of credit accounts you can expect to see in this section include: Mortgages , home equity loans, and home equity lines of credit. Student Loans. Auto Loans. Personal Loans or Other Installment Loans. Garnishments. Credit Cards. Your creditors will report on your credit accounts regularly.

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Creditors Loans Credit Bureau Lender 15

FDCPA Defense

FEBRUARY 3, 2019

1992) (emphasis added, citation and quotation marks omitted) (personal loan from friend used to start software business not a “debt” under the Act: “Neither the lender's motives nor the fashion in which the loan is memorialized are dispositive of this inquiry.”). You should look to your state’s garnishment laws for guidance.

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Foreclosure Debt collector Law Firms Debtor 40

Credit Corp

MARCH 9, 2021

If it does, you’ll receive a refund offset notice in the mail in advance of the proposed refund garnishment. If you pay your student loan balance before the IRS issues your tax refund, your refund won’t be garnished. What Happens When Student Loans Take My Tax Refund? To garnish—i.e.,

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Student loans Student Loans Loans Garnishment 98

FFGN COLLECT NY

JANUARY 31, 2024

The debt came from high-interest personal loans, payday loans, credit cards, and other sources. Lied about legal action: The companies falsely threatened consumers with legal action, including wage garnishment and seizing property. Together, they purchased defaulted consumer debt for pennies on the dollar.

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Collection Companies Collections Lawyers Garnishment 52