At The Day Law Office in Spring Hill, Florida, we listen to your concerns and carefully evaluate the nature of your debt, whether secured or unsecured, and your other relevant circumstances.
Contact our Spring Hill, Florida, bankruptcy lawyers today to schedule a free initial consultation. Our goal is to give you the best information possible regarding your debt, so that you can make the best decision possible given your unique situation.
Unsecured Debt vs. Secured Debt
When you are considering filing for bankruptcy, it is important to consider whether your loans are secured or unsecured. It can make a difference in whether you can keep your personal items and what type of bankruptcy is best for you to file. Secured debt is debt that is secured by collateral (property) such as:
- Car loans
- Mortgages
- PMSI (purchase money security interest)
Secured debt is dischargeable in bankruptcy, but the collateral is returned to the creditor. For example, if you file Chapter 7 bankruptcy, your bank may repossess your vehicle. Unsecured debt is debt not secured by collateral, including:
- Medical bills
- Personal loans
- Credit card debts
Most kinds of unsecured debt are dischargeable in bankruptcy. An exception is student loans. It is important to evaluate all of your available options and that which will best suit your needs. We are down-to-earth attorneys; we offer common sense advice and common sense solutions.
Free Consultation at Our Florida Medical Debt, Mortgage and Car Loans Law Firm
Our main law office is in Spring Hill, Florida, and we are here every day, not only once a week. In this way, we are able to focus on your case and provide the individual attention you need and deserve. We have filed more than 2000 bankruptcy cases since we opened our doors. You can count on our skill and experience to ensure that this process will go as smoothly and quickly as possible, so that you can put this chapter of your life behind you.
To schedule a free initial consultation with an attorney, call us toll free at 888-326-9553 or contact our unsecured debt vs. secured debt attorney online. Our law office is located in Spring Hill, Florida, in the center of Hernando County.
"We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code."
