secured loan

September 11th, 2009 by Questions

I have been in bankruptcy for approx.9 months,I have 3 secured loans which i have not made payments on because of no work.I just sold my home to pay the loans but there was so must interest added on what I was to get for my home don`t come close to what they want because of the interest.Can interest be charged while I am in bankrupycy?

Posted from: Alberta


One Response to “secured loan”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

Secured creditors largely operate outside of a bankruptcy. As such they are allowed to charge interest as stipulated in the original security agreement and the bankruptcy has no ability or authority to impact this.

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