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Labels: bankruptcy
posted by Questions @ 10:16 AM
Posted on Thursday, April 23, 2009
What happens to a secured debt in backruptcy if it is worth less then you owe? We just bought a holiday trailer over a year ago and since then our incomes has dropped aprox $30,000 a year. We are now struggling to keep up, and selling would make us still owe money on it right now. What would happen to it if we had to claim bankrutcy? What about a proposal?
1 Comments:
At 8:11 AM,
Barton Goth, CIRP, Trustee in Bankruptcy said…
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