TYPES OF CREDITORS To understand bankruptcy, credit and debt it helps if you understand the different types of parties involved in the process.  So lets focus in this posing on creditors. It is also important to understand the different types of debt in a bankruptcy. So lets focus on Secured versus Unsecured Creditors. SECURED CREDITORS…

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When a bankruptcy case is filed there is something created immediately upon the filing of the case called the automatic stay.  The automatic stay is a very broad court injunction against the continuing of any action by creditors, collection agencies, and government entities against the debtor or the debtor’s property. Under 11 U.S.C. §362 is…

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In my law practice I have represented debtors and creditors and for a time even worked for the bankruptcy courts.  I think I have a good idea of all the different parties in the process and where they are coming from generally.  In bankruptcy it is my observation that each side thinks the laws are…

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