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cfortunato
cfortunato, Attorney
Category: Bankruptcy Law
Satisfied Customers: 8023
Experience:  Bankruptcy professor.
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im filling out the voluntary chapter 7 petition and my question

Resolved Question:

im filling out the voluntary chapter 7 petition and my question is. I had a truck loan and the truck was repossessed, should I put this under the schedule for secured or unsecured debt?
Submitted: 5 years ago.
Category: Bankruptcy Law
Expert:  cfortunato replied 5 years ago.

Hi JACustomer,

A car or truck loan is a secured debt, even though the truck was already re-possessed.

 

I think this is what you wanted to know. If not, please let me know.
Thank you.

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