If you file Chapter 7, is there a statute of limitations on how long a bank can wait to reposess property?
Tuesday, October 13th, 2009
repo man asked:
Specifically, it’s a TV purchased w/ a Best Buy credit card (which is actually financed by Household Bank.) I read the fine print on the credit application, and this IS considered a secured loan. The bankruptcy will be considered officially discharged in about 2 weeks. As of yet, they have not contacted my lawyer regarding reaffirming the debt. I’m asking because whether or not I keep the TV will affect some other decisions I need to make such as buying an HD tuner and antenna. At what point can I assume I get to keep the television?
secured credit application
Specifically, it’s a TV purchased w/ a Best Buy credit card (which is actually financed by Household Bank.) I read the fine print on the credit application, and this IS considered a secured loan. The bankruptcy will be considered officially discharged in about 2 weeks. As of yet, they have not contacted my lawyer regarding reaffirming the debt. I’m asking because whether or not I keep the TV will affect some other decisions I need to make such as buying an HD tuner and antenna. At what point can I assume I get to keep the television?
secured credit application
