Legal Question in Bankruptcy in California

Pawnshops, Theft of Assets in Bankruptcy

I am presently starting to file Bankruptcy. I have liens on a 'Purchase Money Security Interest' to Sears for: 1. Items I have had to pawn. 2. Tires and a brake job on my granddaughters 1992 Toyota Tercel that was stolen the same day. How do I account for these items?


Asked on 11/15/97, 3:55 pm

1 Answer from Attorneys
Mark Markus Law Office of Mark J. Markus

Pawnshops...etc

As for the stolen items, as long as you have a police report, I can't imagine SEARS could force you to do anything. As for the pawned items, SEARS could require you to pay the current fair market value of the items that were pawned.

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Answered on 11/16/97, 7:46 pm


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