Bankruptcy Blog

What Debts Cannot Be Discharged in My Bankruptcy?

Many people assume filing for bankruptcy will solve all of their financial problems. In fact, many have used the process to the point of abuse when it comes to repaying their debts. They accumulate debt, planning in advance to declare bankruptcy and eliminate their responsibility to pay it back. Unfortunately, this has not only led to stricter regulations that make it more difficult for the average, well-meaning person to file,...
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What is the Difference between Unsecured Debt and Secured Debt?

Financial debt occurs when you borrow money to pay for something. There are two types: unsecured and secured. It is the item or items for which the money is borrowed that determine whether it is secured or unsecured debt. For instance, if there is property a creditor can take from you if you fail to pay the debt, it is a secured debt. There must be a tangible item with...
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11503 Hits

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