Pile of envelopes with overdue utility b

Credit cards

 medical bills

personal loans

payday loans

UNSECURED DEBT

Credit card debt, medical bills, personal loans, and payday loans are all examples of unsecured debt.  These types of debts can get overwhelming very fast.  These creditors are usually the source of most of the harassing phone calls.  Most credit cards, personal loans, and payday loans have interest rates that are extremely high.  Paying the minimum amount due or simply not paying at all can leave you at the mercy of these creditors for a very long time.  Bankruptcy can eliminate these debts for good and stop the harassing phone calls.  Chapter 7 Bankruptcy can have you free from these creditors in as quickly as 4 months.  Don't waste precious time and money trying to climb your way out of a never ending hole.  

Chapter 13 Bankruptcy can also help with unsecured debt by structuring a court approved repayment plan that allows for minimal payments at 0% interest on most unsecured debt.