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Can the bank take your stuff

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    Can the bank take your stuff

    Can the bank take your stuff when you file for bankruptcy.

    #2
    In general, once you file you are protected from collection efforts (including repo) by creditors. However, if you file Ch7 the trustee may want to sell some of your stuff in order to help pay creditors.
    DH laid off 3/08 | Last mortgage payment 12/09 | Filed Ch13 5/10 | Converted to Ch7 7/10 | 341 held 8/10 | AP filed by secured creditor 10/10 | Ch7 discharged & closed 11/10 | Foreclosure 10/2011

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