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Articles Posted in Unsecured Debts

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How are unsecured debts treated in Chapter 7 bankruptcy?

Most unsecured debts will be wiped out in a Chapter 7 bankruptcy.  Unsecured means that the debt does not have any property pledged as security.  This includes credit cards, medical bills, lines of credit, payday loans, overdraft protection, signature loans, and personal loans.  There are certain types of unsecured debts…

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