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If the debt that is owed to Snap-on is discharged in a Bankruptcy, Snap-on cannot try to collect that debt by taking any tools that were not secured by that debt.
However, in this type of situation, where collateral that is securing a debt is sold, the Bankruptcy court can determine that the debt is not dischargeable, based on the fact that te sale was fraudulent.
If the debt is determined to be non-dischargeable, then Snap-on would be able to attempt to collect the debt in any manner possible, and would be able to attach the Mac tools after going to court to get a judgment.
They do not have the right to take tools from you if those tools came from a company other than Snap-on, unless they first go to court to get a judgment.
This is so, even if you trade the Snap-on tools for Mac tools.
There is no time limit for how long they can add interest and late fees, but they cannot go to court to get a judgment after 6 years from the date of your last payment.