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Qwerty42

Member
What is the name of your state? Ohio

Should my car loan should be listed as a "Secured" claim? As Ive stated earlier, the car loan is my main debt, as the car itself is worth maybe half of the value of the loan.
 


Qwerty42

Member
I'm so confused...if my car is a "secured debt", Im not sure if I even qualify for Chapter 7...but I am surrendering the car, so will that make it an unsecured debt?

Sorry about all the posts, I'm just trying to get this all done!
 

Qwerty42

Member
SkankCheese said:
I suggest you go to the library and check out a book on how to file Bankruptcy.

That's what I did.
Good idea! I keep forgetting, the library is like the internet, except stuff is easier to find and there's less porn.
 

Ladynred

Senior Member
I'm so confused...if my car is a "secured debt", Im not sure if I even qualify for Chapter 7...but I am surrendering the car, so will that make it an unsecured debt?
Mortgages and cars are secured debts, that does NOT 'disqualify' you from filing Ch 7 bankruptcy. The car REMAINS as secured debt whether you're surrendering it or not and should be listed as such on your schedules. I told you that on your last post.

Get a copy of the Nolo Press book on Ch 7 bankruptcy. Chances are the library won't have the most recent edition covering the new law.
 

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