Crucial Question: In a Chapter 7 Case, How Do You Keep Logan Utah Collateral That’s Not a Home or Vehicle?
Have your attorney first make sure that your creditor has a right to the collateral. If so, arrange to pay for the right to keep it.
Personal and Business Collateral
People thinking about filing bankruptcy are understandably most interested in what happens to their biggest kinds of collateral—their home and vehicle(s). So just as understandably, attorneys’ websites focus on those big ticket items.
But what about other kinds of collateral that you value: your furniture and appliances, personal electronics like your cell phone, your and your spouse’s wedding rings? These can be awfully important, too.
Or if you own a …