Secured And Unsecured Debts

secured and unsecured debtsIf you are overwhelmed by debt, filing for bankruptcy may allow you to eliminate or reduce your debt.

By pursuing Chapter 7 bankruptcy, you may be able to discharge most if not all of your unsecured debt — debt that is not backed by collateral, such as credit card debt and medical debt. You may still be responsible for your secured debts such as your mortgage and auto loan.

To understand bankruptcy’s effect on your specific secured and unsecured debts, it is important to discuss your case with an experienced bankruptcy attorney. At Khan Law, we help people throughout the Tri-Valley and East Bay region learn about and exercise their debt relief rights under the U.S. Bankruptcy Code.

We are passionate about bringing those who feel imprisoned by debt to celebrating the joys of financial freedom. We help our clients access debt elimination, and we give them tools to manage financial obligations that remain.