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Question: What is the difference between secured and unsecured debt in a bankruptcy?
Answer: [read entire answer]
 
Recent Bankruptcy Credit News:  
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Consider Bankruptcy to Discharge Credit Card Debt - 24-7PressRelease.com
Filing for bankruptcy can be an effective and efficient way to discharge credit card debt. April 21, 2011 /24-7PressRelease/ -- When Congress' recent revisions to federal laws governing credit card usage went into effect, some consumers saw interest rates ...

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A reader who recently emerged from bankruptcy wrote to me after she and her husband were denied secured credit cards from Citibank. That, at least in my mind, raised several questions: Are all people emerging from bankruptcy unable to get a secured card?

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CIT has used cash on hand, debt refinancing and asset sales to pay down about $7.5 billion of debt since emerging from bankruptcy in 2009. The bankruptcy wiped out $10 billion of debt and restructured the rest, after taking a beating during the financial crisis.

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PRLog (Press Release) – Apr 14, 2011 – Vivix Credit Solutions is a licensed and bonded credit service organization that has successfully assisted clients with credit repair and correcting or removing bankruptcies that contain inaccurate, questionable ...

Americans, it is High Time to Repeal the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 - OpEdNews.com
I am talking about the Bankruptcy Abuse Prevention and Consumer Protection ... and various bottom-feeding credit-buyer or credit-swap firms around the USA) with bankrupcy . The 2005 Act was pased to protect the likes of Citibank and friends from their ...

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Rebuilding Credit, Your Credit Report, Settling debts for less, Questions and
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2. Can I get credit after bankruptcy
Bankruptcy does not prevent you from getting credit.



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