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  6.  » Unsecured Debt v. Secured Debt

Hernando County Debt Relief Lawyers

At The Day Law Office, in Spring Hill, Florida, our bankruptcy lawyers listen to your concerns and carefully evaluate the nature of your debt, whether secured or unsecured, and your other relevant circumstances. 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.

Here Every Day — Because Your Debt Doesn’t Take A Day Off

Our office is located in Spring Hill, Florida, and we are here every day. We are able to focus on your case and provide the individual attention you need and deserve. We have filed more than 3,600 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.

Call Us For A Consultation

Call our office at 888-326-9553 or send an email requesting an opportunity to meet with one of our lawyers to learn more about bankruptcy and debt relief*.

*We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.