January 3rd, 2007 by Questions
I recently found out a loan I obtained through Citifinancial is secured. When I got the loan they asked me for a list of possessions equalling the amount of the loan. I did my best to list some items, however, to be honest, we don’t own anything of value – even our furniture is all second hand. My question is – if I declare bankruptcy, what will happen to this loan? Will they take the items on the list to sell (the list is pretty vague)?