[Bankruptcyfilter] YANML...speaking in hypotheticals only. Exempt furniture / wildcard exemption vs security interest of creditor in same said furniture with a UCC Security Agreement. Does the furniture get an exemption? Or does the furniture get Repossesed via Foreclosure of Security Interest in Personal Property? Furniture was just pledged as collateral...never was sold or belonged to the creditor. How is this determined... by the Bankruptcy Trustees discretion, or by law?
posted by Muirwylde on Nov 5, 2009 - 6 answers

Did we receive sound advice? A friend is filing Chapter 7 bankruptcy in the next few days. A creditor is threatening to repossess some items if said person doesn't respond to the written request for a voluntary surrender of the items. A document pledging the items as collateral was signed. A legal advisor gave the following advice... [more inside]
posted by Muirwylde on Sep 3, 2009 - 7 answers

The place I work may be going under. What should I do? [more inside]
posted by anonymous on May 21, 2009 - 13 answers

Canadian (you are not my) lawyers: is there a deadline for filing a proof of claim in personal bankruptcies? [more inside]
posted by AgentRocket on Apr 22, 2009 - 1 answer

How much should a personal bankruptcy cost in Michigan? [more inside]
posted by Bjkokenos on Jan 14, 2008 - 3 answers

How do I get my money back from my ex-roommate? [more inside]
posted by thefinned1 on Dec 1, 2005 - 10 answers