Is this secured?

[Bizbad]

I started a food service business last year. Long story short, I run a cafeteria and all the snack/soda vending at a large industrial site. With the economy its not going well. I have about 45K unsecured debt that is all from the business. I also owe about 35K on the loan for the snack machines I bought. My question is if I file Ch. 13 will the snack machines be considered as secured debt? Also, I was wondering if I could get opinions from everyone. If I just ask the finance company to come take the snack machines, and refinance the CC debt into my home (have 730 credit and about 75K in equity) do you think that would be better than filing? I know that is kind of dependent on the person but, this is such a good resource of knowledge that I was hoping to get some opinions.

Thanks in advacnce

[StartingOver08]

Why would you want to convert your unsecured debt to secured debt by refinancing?

It is best to handle the unsecured business debt the way it is - that way if you end up having to file you can discharge the business debt without jeopardizing your home.

Do you have a promissory note for the purchase on the snack machines?
Look to the note to see if they are secured.

Or, did you purchase the snack machines on a LOC or cc?

[Bizbad]

They were not purchased on a CC. It was a promisary note. Thanks for the response. I am really trying to understand what will happen if I tell the creditor to come get the machines. How is that denoted on a credit report? Charge off, Repo? The only reason I would put the unsecured on my house is that I can't afford the $600/mo payment on the debt, and if I put it in the house the interest is a write-off. I am not the type of person who will get myself in debt buying things I don't need. I just need a way to get out of this business debt and move on.