[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

Do people actually lose their homes to pay for health care in the US, or is this an urban myth? [more inside]
posted by WinnipegDragon on Jun 24, 2009 - 39 answers

Is it reasonable to ask my attorney for a refund for filing a motion that had no effect? [more inside]
posted by fireoyster on Apr 1, 2009 - 13 answers

Forgiving or otherwise reducing Maw's debts? [more inside]
posted by Mutant on Jul 25, 2006 - 5 answers