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What Happens to a Pledge of Assets in Bankruptcy?

Meta Description: Navigate the complexities of bankruptcy and secured debt. Learn what happens to a pledge of assets (collateral) when an individual or business files for bankruptcy, covering secured creditor rights, automatic stay, and potential outcomes. What Happens to a Pledge of Assets in Bankruptcy? Understanding Secured Creditor Rights Facing bankruptcy is challenging enough, but […]

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The Essential Guide to Bankruptcy Debt Discharge

Article Snapshot: Understanding Your Financial “Fresh Start” A bankruptcy discharge is a pivotal court order that eliminates a debtor’s personal liability for certain debts. This guide clarifies the process under Chapter 7 and Chapter 13, identifies the critical debts that cannot be discharged (such as child support and most student loans), and explains how securing

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