Personal loans Student Loans Unsecured Debt 
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.
Roths Child Law
DECEMBER 5, 2022
A chapter 7 bankruptcy is one of the most common routes individuals take in discharging their debt. One thing people are often not sure of is just exactly what debts are covered under this chapter. . Chapter 7 bankruptcy discharges unsecured debts. Unsecured debts include things like: . payday loans .
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Sawin & Shea
OCTOBER 11, 2023
In broad terms, bankruptcy law differentiates between consumer-related debt as well as secured vs. unsecured debt. If a debt is secured, it means it is backed up by collateral property. If a debt is unsecured, no collateral is put up as a guarantee to pay.
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.
Sawin & Shea
MAY 2, 2024
If you qualify for Chapter 7 bankruptcy, our attorneys can guide you through the process of eliminating unsecured debts, such as credit card balances, medical expenses, and personal loans, within a matter of months. Student loans are also difficult but not impossible to discharge in bankruptcy.
Sawin & Shea
JANUARY 12, 2022
Discuss your tax debt with a bankruptcy attorney to make sure you get the most out of your discharge. Student Loans. Most student loans are not discharged without filing a separate lawsuit in the bankruptcy asking for a court order declaring them discharged. Student loans can be particularly challenging.
Sawin & Shea
JANUARY 4, 2024
An ineligible priority debt could be child support or alimony payments owed, which can’t be discharged despite the hardship in your life. A student loan is an example of a nondischargeable debt under federal law. Potentially eligible types of debt include unsecured debts, non-priority debts, and dischargeable debts.
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