Questions...Filing ProSe

[szbenne]

Ok...next question...my car was respossessed at the end of July and I am trying to file before they contact my employer regarding garnishment of the balance. Is the outstanding balance on the car still considered a "Secured Debt"? I know that it has been sold and the proceeds of the sale have been applied to my balance. So would it change from "Secured" to now "Unsecured"? I'm just not sure how to list?

[TEW]

Unsecured if the already repoed the car

[BK2008]

When you file for BK, since you have already turned in the car, so to speak, this will become an 'unsecured' debt, and included in your BK, since you no longer own the car.