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joella68
Junior Member
United Kingdom
280 Posts |
 Posted - 08 January 2009 : 18:11:56
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how do secured debts become UN-secured ? 
jo |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 08 January 2009 : 18:55:10
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Hi Jo
For example you had a car loan, the car was classed as secured debt/lending, you then have the car taken and so the debt is now unsecured as you no longer have the car but still have the debt.
Does that make sense.
Jo
x
Needafriend says:
Just always remember one thing, Your not alone, your not the first and you wont be the last.
22 Weeks down
30 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:~ Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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joella68
Junior Member
United Kingdom
280 Posts |
Posted - 09 January 2009 : 07:36:38
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hi jo, thanks for your promp reply as always !
does that go the same for a secured loan on my house as i am in the throws of giving up my house under VR ?
jo |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 09 January 2009 : 07:41:06
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Yes
Indeed it does Jo. Make sure you put them both under the secured and unsecured sections on the SoA.
Jo
x
Needafriend says:
Just always remember one thing, Your not alone, your not the first and you wont be the last.
22 Weeks down
30 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:~ Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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joella68
Junior Member
United Kingdom
280 Posts |
Posted - 09 January 2009 : 12:11:14
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oh thanks again jo, i was begining to panick about it, i dont know where i read it now, but had read that secured debt wasnt coverd by BR, so was worried it all over again !!!
jo |
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how do ???
