secured loans and bk
Date: Sun, 08/09/2009 - 12:34
I have a secured loan with a finance company. If I file a chapter 13 can they take the items I listed as collateral?
a computer, printer and palm pilot.....when I got the loan at th
a computer, printer and palm pilot.....when I got the loan at the time the loan balance was 6.000 as I refinanced a previous loan....I have since paid them down to 1.200
You should be able to keep the items, but it will mean paying th
You should be able to keep the items, but it will mean paying the entire balance of the debt through the payment plan. The bank is more interested in getting their money than they are in recovering the items. Best advice would be to talk to your attorney about it. If you have not already had a consultation, then ask when you do. I asked a ton of questions like this during my consultation. I did not want any surprises later on.
