Do you owe a debt that you think is secured by things like your furniture, appliances, electronics? How does bankruptcy deals with these? 1. Is it really secured? The first thing is to make sure that the debt you think is secured by collateral really is. Does the creditor really ... Read More »
Chapter 7 vs. Chapter 13 and Your Collateral
How does consumer bankruptcy protect your personal and/or business assets that you gave as collateral on a loan? Liens Generally Survive Bankruptcy When you provide collateral to secure a creditor’s loan, you let the creditor put a lien on the collateral. The creditor then just needs to ... Read More »
Chapter 7 vs. Chapter 13 and Your Personal Property Collateral
How does consumer bankruptcy protect the furniture, computer and such that you bought on credit? Most people’s big worry about their collateral-secured debt is about their vehicle loan and/or home mortgage. So, appropriately most decisions about whether to file a Chapter 7 ... Read More »
Giving Final Thanks for Chapter 13 “Adjustment of Debts”
Chapter 13 helps if you owe divorce debts, have personal property collateral, are behind on property taxes, or owe old and new income taxes. In the last two blog posts we covered 6 extremely helpful features available only under Chapter 13. Here are 4 more, to make it an even 10. Again, none ... Read More »
