Monthly Archives: January 2024
How Bankruptcy Affects Different Types of Debt
Those considering bankruptcy need to understand how bankruptcy affects different types of debt. Debts such as student loans, credit cards, mortgages, and more are treated differently in Chapter 7 bankruptcy. In this article, the Jacksonville bankruptcy attorneys at The Law Offices of Carol M. Galloway will discuss how different types of debt are treated… Read More »
Understanding Secured Debts in Your Jacksonville Bankruptcy
Unsecured debt is debt like credit card debt which is not backed by any asset. Secured debt, on the other hand, is debt that is backed by collateral. Common examples would be a mortgage (which is backed by the home) and a car loan (which is backed by the vehicle). In this article, the… Read More »