Debt went from unsecured to secured

[maci1818]

My ex owes me 50 grand in a divorce settlement where he is suppose to pay a heloc loan that was taken to pay down his debts.
He listed me as an unsecured creditor but I proved in the 341 Meeting it is actually secured since he signed the mortgage deed.
The Trustee said he has to redo his schedules to reflect the secured debt
How will this change anything?

[Nicollette]

If its now a secured debt, I believe you will get your money before any unsecured creditor will....

[CoBelle]

I think whatever the HELOC was for is your security....so he can't for example, sell the house unless he pays you! Much better than an unsecured debt!!!!
Funny, the court turned my secured debt into unsecured....and that put me over the unsecured limits and resulted in a dismissal. (STBM) So consideryourself
lucky indeed!