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Eliminate unsecured debts like credit card and medical bills

Posted by Ellen Brown | Dec 20, 2023

When you owe money to someone, like a credit card company or a hospital, dentist, utility, or a personal loan they will try to get you to pay it back. If you can't pay it back, you might feel really stressed and worried.

Bankruptcy is a special kind of legal process that can help you get rid of some of your debts so that you don't have to pay them back anymore. One type of debt that bankruptcy can help with is called "unsecured debt."

Unsecured debt is money that you owe to someone, but you didn't give them anything as collateral. Collateral is something you give to someone when you borrow money, like when you take out a car loan and use the car as collateral. If you can't pay the loan back, they can take the car away.

Credit card debt, personal loans and medical bills are examples of unsecured debt because you didn't give anything as collateral when you borrowed the money.

Credit card debt, personal loans and medical bills are often types of debts that can be discharged in bankruptcy. This can be a big relief for someone who is struggling to make ends meet and can't pay their bills.

It's important to talk to a lawyer to make sure it's the right choice for you so give Brown and Seelye a call today.

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