Better Credit Blog

FEBRUARY 11, 2022

It can’t tackle secured debts like auto loans and mortgages. Business debt. Student debt. IRS debt and back taxes. Auto loans and government loans. Auto loans and government loans. Other secured debts. In this case, you’ll need to try debt management or consolidation first.

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Debt settlement Creditors Lender Unsecured Debt 72

Sawin & Shea

MAY 24, 2023

Example income includes things like: Salaried, hourly, and overtime income Spousal income (in a joint household or if not legally separated) 1099 independent contractor income Indiana government income Child support and alimony Net business income Unemployment or workers’ compensation benefits Expenses can include things like: Income taxes Child care (..)

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Chapter 7 bankruptcy Bankruptcy Unsecured Debt Chapter 13 bankruptcy 52

Credit Corp

JUNE 4, 2024

A mortgage is a type of secured debt , which means your lender can seize your property and sell it if you don’t repay the loan as agreed. For example, a licensed appraiser typically uses real estate databases, government records, and other sources to gather information on comparable sales. Why Do You Need an Appraisal?

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Sawin & Shea

JANUARY 12, 2022

A Chapter 13 Plan can help get you back on track with secured debts that you are behind on, like house or car payments. Certain Tax Debts. Taxes that you owe to the federal or state government are sometimes dischargeable, and sometimes not. Student Loans.

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Debt RR

JANUARY 24, 2020

Secured debt: If a business receives a loan or other credit — like a credit card — because of specific assets or liquid collateral, they have secured debt. Though more uncommon than equipment leases and unsecured debt, some businesses are able to acquire secured credit options.

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The Creditors Rights

MAY 24, 2016

BAP 2016), the Ninth Circuit BAP concluded that the fair and equitable standards for confirmation deal with treatment of an allowed claim post-confirmation, but that allowance of an oversecured claim is governed by § 506(b). The BAP held the bankruptcy court erred In using § 1129(b) to deny Wells Fargo default interest on its claim.

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Debt Free Colorado

MARCH 3, 2023

What Debts are Discharged in Bankruptcy? Unsecured debts , including credit card and medical bills, as well as some judgments or past taxes, may be discharged. Generally, secured debt (loans backed by collateral), student loans, child support or alimony, recent taxes, criminal fines, or personal injury judgments cannot be discharged.

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Bankruptcy Chapter 13 bankruptcy Credit Counselor Chapter 7 bankruptcy 52

Sawin & Shea

APRIL 10, 2024

Reaffirming Debts in Chapter 7 Bankruptcy Chapter 7 bankruptcy allows you to discharge your unsecured accounts, but you cannot do away with a creditor’s a security interest, meaning a debt with collateral must either get paid or the collateral property surrendered.

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Collection Industry News

OCTOBER 16, 2024

NEW YORK, Oct 28 (Reuters) – The Treasury Department may offer fresh guidance on expected increases in its 2025 debt auctions when it announces its updated refunding plans this week, though uncertainty over the Nov. Analysts expect the government will be able to operate until at least mid-2025 before risking a debt default.

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