Collateral on Debt
December 19th, 2008 by Questions
I`m considering the bankruptcy option and have a question.
One of my debts is to a finance company which was secured with household goods (TV, computer, etc.)
These goods aren`t now worth what they were at the time of the loan. Does this matter? If I arrange for these items to be picked up, does that still clear the original `secured` value, so that this loan can then be discarged in bankruptcy?
Posted from: British Columbia