Legal Question in Bankruptcy in Missouri
Chapter 7
If i claim an unsecured debt in my Chapter 7 bankruptcy, will that debtor be paid in full?
Asked on 10/21/02, 10:43 am
1 Answer from Attorneys
Andrew Nichols
Law Office of Andrew B. Nichols
Re: Chapter 7
Unsecured debts rarely are paid any money at all in a chapter 7 case. Maybe you are confusing unsecured debt with secured debt. Secured debt typically means that the creditor has collateral in connection with the debt (like a car loan or home mortgage). Secured debts are usually paid in full in a chapter 7 case. Please feel free to call me to personally discuss your situation. ph. (800) 303-0720
Answered on 10/21/02, 11:08 am
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