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
Related Questions & Answers
-
Seperated from husband, he' s filing bankruptcy Shortly my divorce will be... Asked 8/14/02, 12:04 pm in United States Missouri Bankruptcy Law
-
Second mortgage We have recently refinanced our home so we do not have any equity... Asked 7/27/02, 11:40 pm in United States Missouri Bankruptcy Law
-
Listing creditor or collection agency When doing do-it-yourself bankruptcy, do you... Asked 5/14/02, 10:14 pm in United States Missouri Bankruptcy Law