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Chapter 7 Bankruptcy and Collateral Recovery

Posted on 16 February 2016 | 3:53 pm by Neil Burns

When you file for personal bankruptcy, all lawsuits are stopped or “stayed”.  However, with secured debts, such as mortgages or car loans, the lender, or creditor, can file to get permission from the Bankruptcy Court to lift the stay to recover the debt. Those motions will generally be allowed so the debtor should decide prior […]

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