Lender Student Loans Unsecured Debt 
Debt Free Colorado
DECEMBER 23, 2024
Understanding what debts bankruptcy can eliminate is important. This where knowing Colorado unsecured debt examples can be helpful. Unsecured debt is a type of debt that is not backed by collateral. In this article, we will explore the types of unsecured debts that bankruptcy can erase.
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.
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Sawin & Shea
SEPTEMBER 14, 2022
Examples of non consumer debts include: Alimony Child support Traffic tickets Parking tickets Criminal restitution Business loans Personal guarantees Business property mortgages Business-related legal fees Taxes. Are Student Loans Consumer or Non-Consumer Debts?
Titan Consulting
AUGUST 23, 2020
Chapter 7 liquidates assets and discharges qualified debts. The process takes less than a year and can eliminate the balance on most unsecured debts. Bankruptcy does not generally discharge debts associated with child support, alimony, tax obligations, or student loan debt. Frequently Asked Questions.
Credit Corp
JUNE 1, 2021
Pay down debt. For most people, the way to do this is to get rid of unsecured debt that they carry month to month. Monthly expenses might include student loan payments, car payments, and credit card payments. Pay Student Loan Debt. Some Millennials may want to look into loan consolidation.
Credit Corp
MAY 3, 2021
If the car is worth $15,000, the bank can sell it and recover that much of the loan—leaving $5,000 of debt to be canceled. You file for bankruptcy with $60,000 in unsecured debts, which are all discharged. That debt is also considered canceled. Not all debts that are canceled require a 1099-C.
Credit Corp
MARCH 16, 2021
And, if you have both student loans, and credit card debt, it may feel like a debt spiral. And as far as your debts are concerned, there are ways to reduce or pay them off with a well-conceived strategy. This is a big loan that you take out to repay your multiple bills at once. Debt Spiral Words of Wisdom.
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