Tags » Unsecured Debt

WHAT IS THE DIFFERENCE BETWEEN "SECURED" DEBT AND "UNSECURED" DEBT?

Potential bankruptcy filers often ask me what is the difference between secured and unsecured debt.

“Secured” debt is backed by collateral.  The collateral “secures” your obligation to repay the debt.  380 more words

Debt

It is time to put Student Loans back in the UK debt numbers

This morning has seen some updated statistics for the amount of debt in the UK released by The Money Charity. In it was something to grab the headlines as this from the BBC shows. 1,405 more words

General Economics

Can I File for Chapter 7 and Chapter 13 at the Same Time?

“Sometimes one bankruptcy isn’t enough.” – George Veitengruber, Esq.

As we’ve discussed before on our blog, there are time limitations put into place that prevent a debtor from receiving a second chapter 7 discharge unless at least eight years have passed since their first chapter 7 discharge. 581 more words

Bankruptcy

How To Avoid Bankruptcy

How To Avoid Bankruptcy
If you are going through financial difficulties, then you may see bankruptcy as an easy way out.
Declaring bankruptcy can damage your credit score, but can also affect future purchases. 15 more words

Stuck in Credit Card Debt? Here are 5 Tips to Become Debt Free

I am by no means against credit cards. I use credit cards for virtually all purchases I make: groceries, restaurants, vacations…you get the idea. Cashback and travel rewards are great perks that make credit cards a no brainer for me; however, I don’t rack up a big balance that I know I can’t pay off in full at the end of the month. 674 more words