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Your Debt in Bankruptcy: Secured and Unsecured

Lewis Roberts, Florida Bankruptcy Lawyer2017-01-20T00:06:02-05:00

Bankruptcy generally involves two types of debt - secured and unsecured. Let's start with secured debt. Debt that is secured generally means that you pledge an asset to assure the payment of the loan. The most common examples are car loans and mortgage loans. If you don't pay your car loan, the lender will repossess the car. If you don't pay your mortgage loan, the lender will foreclose and take the property back. There are other types [...]

Motion For Relief From Stay In Florida Bankruptcy Cases

2017-01-20T00:06:04-05:00

The motion for relief from stay in bankruptcy - it even sounds scary. And it can be. When you file for bankruptcy, you are protected by the "automatic stay". This prohibits creditors from taking any action to collect debts or from taking property which may be secured by the creditor's loan. A motion for relief from stay (MFRS) is the creditor's request to the court to get permission to continue its collection of the debt. [...]