You Have the Choice to Take Back Control of Your Financial Future.
  1. Home
  2.  → 
  3. Bankruptcy Overview
  4.  → Secured and Unsecured Debt

Finding Freedom From Secured And Unsecured Debt

When in financial distress, sometimes people must choose between making a credit card payment and putting that money toward their mortgage payment. Most opt for the latter choice because they do not want to lose their home. This scenario illustrates the difference between secured and unsecured dent — secured debt is backed by some form of collateral, like a house, while unsecured debt, such as credit card debt, is not tied to any tangible object.

The attorneys at the Miami law office of Kingcade Garcia McMaken help clients analyze their finances and determine the best path to debt relief. While you may not care about paying your unsecured debt, it does not mean that the creditors won’t make every attempt to collect from you.

If you have a large amount of secured debt, Chapter 7 bankruptcy may be a good option for those who qualify, as it completely eliminates all of a debtor’s secured debt. However, if you do not qualify for Chapter 7 under the means test, Chapter 13 can also provide debt relief through a structured, customized repayment plan. Types of secured debt include:

  • Mortgages/home loans and other real estate loans
  • Cars, boats and other motor vehicles

We Have The Extensive Experience You Need

At Kingcade Garcia McMaken, we have extensive experience handling bankruptcy cases and helping clients eliminate their unsecured debt, such as:

  • Credit card debt
  • Medical bills
  • Utility bills
  • Judgments
  • Alimony
  • Child support
  • Tax debt
  • Personal loans, payday loans
  • Bills for services

Set Up A Free Consultation

Let us put our knowledge and experience to work for you. If you are facing repossession, contact our Miami secured debt lawyers online or call 305-285-9100 to set up a free consultation.

Best Business of 2024 | ThreeBest Rated | Excellence
Avvo Clients' Choice Award 2024 | Timothy S. Kingcade | 5 Star
Rated By | Super Lawyers | Timothy S. Kingcade | SELECTED 2014-2017 |
Florida Trend's Florida Legal Elite | 2018
2019 Top 3 Bankruptcy Lawyers in Miami | Three Best Rated
Avvo Rating
Top Contributor Award 2024 | Timothy S. Kingcade | Avvo
Martindale-Hubbell | AV Preeminent | Peer Rated For Highest Level of Professional Excellence | 2021
Martindale-Hubbell | Client Champion Platinum / 2021
Super Lawyers 2021
2022 Top 3 Bankruptcy Lawyers in Miami | Three Best Rated
BBB A+ Rated Accredited Business
Findlaw | Kingcade Garcia McMaken | out of 22 reviews | Best Bankruptcy Lawyers in Miami | 2021