Saturday, April 25, 2015

If an exempted secured debt becomes unsecured 2 yrs after the bankruptcy discharge notice can it be collected?

Question

If an exempted secured debt becomes unsecured 2 yrs after the bankruptcy discharge notice can it be collected?



Answer

Once a debt is discharged, it cannot be collected. All collection activities must cease. If you return secured property, then any deficiency is an unsecured debt.

If you have more specifics, I can respond more specifically.



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