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What is Secured Debt in Bankruptcy?

The decision to file bankruptcy is one of the most important choices you can make in your life. Bankruptcy can be extremely helpful and may help you get out of a serious financial problem. However, you should understand how debt is taken care of with bankruptcy to ensure that you will benefit from it. When you file Chapter 7 bankruptcy, you will need to liquidate your assets in order to repay most or all of your debt and start anew. There are two types of debt you need to be aware of - secured d[...]

Dealing with Debt During the Coronavirus Outbreak

  If you are dealing with debt during the coronavirus outbreak, it is important to remember that you are not alone. It also helps to realize that there are some critical things that you can do to take control of any debt that you might have.  To help you take control over your debt during this difficult time, this article reviews some helpful reminders. Maintaining Your Federal Student Loans The Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748, was signed into law on Ma[...]