She gained the upper hand by learning something about the seller. "The seller was born and raised in the house, so there was a lot of sentiment involved," Van Brunt-Wiley says. Along with submitting her best offer, "I wrote and told her why we loved the home and how happy we would be to raise our investing in merchant cash advances in the neighborhood," she says.
She later found out the contractors bid was actually higher, but the seller didnt like the idea of handing over the keys to someone who would just renovate the home and flip it.
"We were all shocked, including the real estate agents - and very pleased with the outcome, to say the least," Van Brunt-Wiley says. 7 surprises of home ownership. You'll soon discover that when you were a renter, you had the easy life.
The US Bankruptcy Code breaks down different types of debt into several classifications and treats each classification differently. For example, a debt with collateral securing it, such as a home mortgage, is classified as a secured debt and is given priority of payment over other classifications of debt if assets are liquidated in a Chapter 7 bankruptcy or in a Chapter 13 bankruptcy payment plan.
Unsecured debt (debt with no collateral securing it) is divided into priority and non-priority classifications.
Priority unsecured debt is debt without collateral securing it that the Bankruptcy Code has determined must investing in merchant cash advances repaid in secured personal loan texas order, ahead of non-priority unsecured debt.
Examples of this type of debt are child support payment deficiencies, recent tax debt, recent wages owed to former employees, and so forth. Non-priority unsecured debt is everything else: credit card debt, medical debt, personal loans, deficiency debts lingering after auto repossession or a home foreclosure-and payday loans. Payday loans are, like all non-priority investing in merchant cash advances debt, totally dischargeable in bankruptcy.
Payday Loans in Bankruptcy: Some Pitfalls.
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