The sole option for a creditor holding a discharged secured loan
is to proceed against the collateral. This means a foreclosure
for a house, a repossession for a car, or a replevin action for
personal property. The creditor can't garnish wages or attach any
property other than the secure item(s).

--
Brett

************************************************** ***************
* Personal Injury/Malpractice Bankruptcy *
* *
* BRETT WEISS, P.C. *
* Attorneys at Law *
* Maryland, D.C. and Federal Bars *
* lawyer@erols.com *
* http://www.erols.com/lawyer *
* *
* Small Business Estates & Estate Planning *
************************************************** ***************

The Small Print: This response is for discussion purposes only.
It isn't meant to be legal advice and you shouldn't treat it as
such. If you want legal advice, speak with a local lawyer
familiar with your state's laws who can review *all* of the facts
and the law applicable to your situation.
************************************************** ***************


"John" <ruako@verizon.net> wrote in message
news:6bdea744.0308060753.71fe9083@posting.google.c om... On my credit report there is a loan that says "included in BK"
and also says secured what does this mean. It was a private loan. I
know school loans dont fall under BK but wouldnt they have been able
to garnish my wages? It is with a collection agency.

"Brett Weiss" <lawyer@erols.com> wrote in message news:<wo-cnQCzOpwa3ayiXTWJhw@comcast.com>... The sole option for a creditor holding a discharged secured loan is to proceed against the collateral. This means a foreclosure for a house, a repossession for a car, or a replevin action for personal property. The creditor can't garnish wages or attach any property other than the secure item(s). -- Brett ************************************************** *************** * Personal Injury/Malpractice Bankruptcy * * * * BRETT WEISS, P.C. * * Attorneys at Law * * Maryland, D.C. and Federal Bars * * lawyer@erols.com * * http://www.erols.com/lawyer * * * * Small Business Estates & Estate Planning * ************************************************** *************** The Small Print: This response is for discussion purposes only. It isn't meant to be legal advice and you shouldn't treat it as such. If you want legal advice, speak with a local lawyer familiar with your state's laws who can review *all* of the facts and the law applicable to your situation. ************************************************** *************** "John" <ruako@verizon.net> wrote in message news:6bdea744.0308060753.71fe9083@posting.google.c om... On my credit report there is a loan that says "included in BK" and also says secured what does this mean. It was a private loan. I know school loans dont fall under BK but wouldnt they have been able to garnish my wages? It is with a collection agency.

Thanks.