October 23rd, 2008 by Questions
We had a loan on a tent trailer and about 6 months ago we consolidated our debt on to a line of credit. The original loan on the tent trailer was paid and they used the tent trailer as an asset for the line of credit. We are now thinking of filing for bankruptcy but we have sold the tent trailer and I need to know if this is going to hurt me. So if I use something as an asset then can the bank put a lien on it if I am not behind on payments for that line of credit.
Posted from: Alberta