unsecured debt can they take property

Can credit card companies file liens on your home or sue for the ...
You can find out what those exemptions are and how they apply in your situation . EDIT TO ABOVE : Original creditors may themselves take legal action via an external attorney. Answer. No. An unsecured debt is not secured by property. . With unsecured debt, such as a personal loan or credit card, a lender can place a .

Can they take house in California for unsecured credit card debt ...
Mar 15, 2009 . No unsecured debt can put a lien against anyone's home unless the owner . could they take our house or any personal property like furniture, .

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What is an Unsecured Debt? | Nolo.com
Learn about unsecured debts -- what they are and how creditors can collect on . payment on an unsecured debt, the creditor cannot take any of your property .

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Dealing With Debt: An Overview of Your Options | Nolo.com
What Happens When You Can't Pay Your Unsecured Debt? . If you don't repay a secured debt, most states let the creditor take the property without first having to sue . There are limits to what creditors can do and how much they can take.

Types of Consumer Debt | Consolidated Credit
Unsecured debts don't have any collateral. If you don't pay, they can threaten, penalize, and even pursue legal action, but they can't take your property to satisfy .

The Difference Between Secured Debt & Unsecured Debt | Bret ...
Another way of saying this is that the creditor has a lien on your property. . Short version: if you don't pay on a secured debt, the creditor can take your stuff. . are usually unsecured, but they often fall into a separate category known as .

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Unsecured Debt in Bankruptcy | Bankruptcy SuperTips
Read about what unsecured debt is and what will happen with it when you file bankruptcy. . Unsecured debt is not “secured” by any property or collateral, which means . In other words, a cell phone company cannot take your cell phone back as . the money to buy them, but they can't be sold to cover your credit card debt.

Can a debt collection agency bankrupt me? | Collection Agency ...
They can not file bankruptcy on your behalf. Credit Card Debts are unsecured and they can not take property to satisfy that debt. The only time .

Unsecured Loans - A Guidebook Explanation
Lenders will offer unsecured loans to people who they think are low risk. . come to your home, take your property and then auction it in order to repay the debt.

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Debt Settlement Advice | Settling Your Debts
Jun 23, 2011 . Yes, you can settle debts with your own win-win solution - read our FREE TIPS! . the creditor to garnish your wages or hire a sheriff to come get your property. . You might want to take comfort in this: if they do take you to court, often they have no case. . As a Rule, You Can Only Settle Unsecured Debts .

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What is Chapter 7?
It is a way to get rid of your unsecured debts (e.g. credit cards, medical bills, . this by appointing a trustee to take possession of whatever property you own that you . The notice also informs the creditors that they cannot take any action against . property that he wants to sell and your creditors can object to their debt being .



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