jntp
09-26-2003, 05:39 PM
Are the secured items on schedule d discharged in a bankruptcy?
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jntp 09-26-2003, 05:39 PM Are the secured items on schedule d discharged in a bankruptcy? Thanks John 09-27-2003, 03:20 PM Yes, but they may be liquidated to pay the creditors depending on a number of circumstances, including under what chapter you file. J. jntp wrote: Are the secured items on schedule d discharged in a bankruptcy? Thanks Brett Weiss 09-28-2003, 06:57 PM Your personal obligation, yes. The lien (unless you strip it off in the bankruptcy), no. This means that if you don't make the payments on a secured debt, the lender can still enforce the lien and foreclose on a mortgage or repossess a car. -- 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. ************************************************** *************** "jntp" <jntp@libcom.com> wrote in message news:3f738aa1_1@newsfeed.slurp.net... Are the secured items on schedule d discharged in a bankruptcy? Thanks |
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