chapter 13 personal loan secured with household goods
Date: Sat, 05/09/2009 - 13:27
I just received my petition for chapter 13 and have a question. I have a personal loan that I secured with household goods and it is listed on my petition this way - does this mean that I will lose property up to the value of what I owe on the loan or should I consider reaffiming the loan to be able to keep the property ( which is a sofa, computer) ..
Can someone help me with this question??
thanks so much
Can someone help me with this question??
thanks so much
Who is the loan company and are the items that the loan is secur
Who is the loan company and are the items that the loan is secured with actually items you told them about and own?
If you are filling chapter 13 then that loan will be a part of t
If you are filling chapter 13 then that loan will be a part of the payment plan they set up for you. They can not come get your things if you are paying them through the repayment plan. IF you file chapter 7 however, that is a different story. You will have to reaffirm in order to keep those items. If not the company can take those items that are listed as colateral.
