When you file bankruptcy, with the court’s help, you can legally eliminate all of your qualifying debt. Some debt can never be discharged, such as alimony, child support, or current taxes. And some like secured debt will...
When filing personal bankruptcy, most consumer debt can be classified into two categories. One is secured debt like your home or your car, and the other is unsecured debt like medical bills and credit cards. Secured Debt...
Reaffirmation is an agreement you make with your creditors to remain legally obligated to the debt during your bankruptcy case. Usually, this debt could have been eliminated during bankruptcy. When It’s a Good Idea It may...
If you owe more on your assets than they are worth, you may be what’s called “upside-down” in your debt. If you sold everything you owed, you would still not be able to pay off your debt. Just being upside-down in debt...
Most consumer debt can be classified into two types, either secured and unsecured. This can be useful to know what type your debt is when you are considering bankruptcy. Secured debt has collateral attached to it, such as a...
