Secured debt 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.
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Sawin & Shea
MARCH 9, 2022
Firstly, you need to understand the difference between unsecured and secured debts. Unsecured debts refer to debts that don’t have collateral. Secured debts refer to debts with collateral, like house payments and car payments. Will Bankruptcy Eliminate All of My Debts?
Sawin & Shea
MAY 5, 2021
Filing for Chapter 7 or Chapter 13 Bankruptcy: Chapter 7 will wipe out (discharge) your medical debt along with other unsecured debt, but you must have low enough income to pass the means test in order to qualify for it. These are categorized as priority unsecured debts. #7.
Sawin & Shea
OCTOBER 27, 2021
Out of the reported debt statistics, 35% of all debts in collections were medical, which surpassed other forms of debt. 25% of debts in collections were credit card related, and 20% were student loan debts. What Should I Do If I Have Medical 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. In many cases, you will lose secured assets such as your home and vehicles. Federally managed student loans received an automatic six-month payment waiver.
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. It can also force unsecured creditors to take what the bankrutpcy law says you can afford to pay, many times cents on the dollar. Student Loans. Debts That Can Be Eliminated.
Expert insights. Personalized for you.
52 
Let's personalize your content