{"id":3128,"date":"2024-02-07T09:18:45","date_gmt":"2024-02-07T14:18:45","guid":{"rendered":"https:\/\/njbankruptcylawfirms.com\/?p=3128"},"modified":"2024-02-07T15:14:48","modified_gmt":"2024-02-07T20:14:48","slug":"how-do-debtors-prioritize-debts","status":"publish","type":"post","link":"https:\/\/njbankruptcylawfirms.com\/chapter-13-bk\/how-do-debtors-prioritize-debts\/","title":{"rendered":"How Do Debtors Prioritize Debts?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3128\" class=\"elementor elementor-3128\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-75073bac elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"75073bac\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2a29ee11\" data-id=\"2a29ee11\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9340c80 elementor-widget elementor-widget-text-editor\" data-id=\"9340c80\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Debtors pay personal loan debt first.\u00a0 \u00a0 When debtors do not have enough money to pay all creditors, it is interesting to note that personal loans were paid first.<\/p><p>The hierarchy that debtors pay their debts was found to be as follows:<\/p><ol><li style=\"list-style-type: none;\"><ol><li style=\"list-style-type: none;\"><ol><li style=\"list-style-type: none;\"><ol><li style=\"list-style-type: none;\"><ol><li style=\"list-style-type: none;\"><ol><li><strong>Personal Loans<\/strong><\/li><li><strong>Auto Loans<\/strong><\/li><li><strong>Mortgages<\/strong><\/li><li><strong>Credit Cards<\/strong><\/li><\/ol><\/li><\/ol><\/li><\/ol><\/li><\/ol><\/li><\/ol><\/li><\/ol><p><\/p><\/div><\/div><\/div><\/div><\/div><\/section><\/div> &hellip;<p class=\"ast-the-content-more-link\"> <a class=\"\" href=\"https:\/\/njbankruptcylawfirms.com\/chapter-13-bk\/how-do-debtors-prioritize-debts\/\"> <span class=\"screen-reader-text\">How Do Debtors Prioritize Debts?<\/span>Read More &raquo;<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Debtors pay personal loan debt first.\u00a0 \u00a0 When debtors do not have enough money to pay all creditors, it is interesting to note that personal loans were paid first. The hierarchy that debtors pay their debts was found to be as follows: Personal Loans Auto Loans Mortgages Credit Cards<\/p>\n","protected":false},"author":3,"featured_media":45969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[45],"tags":[],"_links":{"self":[{"href":"https:\/\/njbankruptcylawfirms.com\/wp-json\/wp\/v2\/posts\/3128"}],"collection":[{"href":"https:\/\/njbankruptcylawfirms.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/njbankruptcylawfirms.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/njbankruptcylawfirms.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/njbankruptcylawfirms.com\/wp-json\/wp\/v2\/comments?post=3128"}],"version-history":[{"count":5,"href":"https:\/\/njbankruptcylawfirms.com\/wp-json\/wp\/v2\/posts\/3128\/revisions"}],"predecessor-version":[{"id":63564,"href":"https:\/\/njbankruptcylawfirms.com\/wp-json\/wp\/v2\/posts\/3128\/revisions\/63564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/njbankruptcylawfirms.com\/wp-json\/wp\/v2\/media\/45969"}],"wp:attachment":[{"href":"https:\/\/njbankruptcylawfirms.com\/wp-json\/wp\/v2\/media?parent=3128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/njbankruptcylawfirms.com\/wp-json\/wp\/v2\/categories?post=3128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/njbankruptcylawfirms.com\/wp-json\/wp\/v2\/tags?post=3128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}