What happens after a BK discharge if an item purchased using a PMSI account like Best Buy, Circuit City or Rooms to Go is broken/gone/no access to item and the creditor contacts the debtor wanting the item back or an offer to purchase?
My soon-to-be-ex is filing a BK7 as soon as he gets enough $$ to finish paying his lawyer. He admitted to me that the expensive game system he had was not his former roommates but was purchased with his PMSI credit account. He sold it a couple of months ago.
What will the creditor do in this situation? The money and the item are gone.
My soon-to-be-ex is filing a BK7 as soon as he gets enough $$ to finish paying his lawyer. He admitted to me that the expensive game system he had was not his former roommates but was purchased with his PMSI credit account. He sold it a couple of months ago.
What will the creditor do in this situation? The money and the item are gone.
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