Posted By Albaugh Law Firm
When you are in the midst of a bankruptcy filing, you will likely come across both secured debt and unsecured debt. You might not, however, come across a clear explanation as to what these two types of debt are, and why you should care. What is Secured Debt? A secured debt is any type of debt that is tied to a lien that would permit creditor repossession or foreclosure if the debtor defaults. Auto ...
Posted By Ryan Albaugh
If you have been following the upcoming 2016 presidential election at all, you have likely heard about the rising national debt as being one of the main topics of debate. Since the year 2000, the country’s debt has skyrocketed by $5.7 trillion to a staggering $19.5 trillion – more than three times as much debt as the total amount of debt the country had accrued since its inception in ...