Posts Tagged ‘assets’

Debt can usually be classified as either unsecured or secured. Whether you’re just establishing your credit for the first time, or you’re working on a plan to eliminate current debts, it’s helpful to understand the difference between the two: Secured debts Secured debts are loans that are secured by assets, which is also known as […]

Some consumers will turn to bankruptcy to solve their financial woes, often as a last resort. If you’ve been seriously contemplating bankruptcy, you’ll want to carefully consider the negative repercussions first. While bankruptcy can potentially be the solution you’re looking for, you’ll want to keep some of the following drawbacks in mind: You may not […]

If you’re thinking about filing for Chapter 7 bankruptcy, the following information can help you learn more about the basics: How secured debts are handled If you have property, money, or assets that you’ve used as collateral in order to obtain a loan, that loan is a secured debt. Cars and houses are some common […]

Although there are different chapters of bankruptcy, Chapter 7 is the most common. It’s sometimes also referred to as a liquidation bankruptcy, which involves the sale of the filer’s non-exempt assets. A trustee handles this and takes any proceeds to pay lenders for any debts that the filer has accrued. If you’re thinking about filing […]

Moving in with your significant other can be an exciting time, but it is also important to discuss the financial aspects of this huge decision. Before you actually move in together, it is important to have the following money talks in order to ensure you’re both on the same page and to avoid any unwanted […]