Chapter 7 vs. Chapter 13–Debts Secured by Your Previously Owned Household Goods and Tools of Trade
What happens to the personal possessions and tools of trade that you gave as collateral on a loan?
What happens to the personal possessions and tools of trade that you gave as collateral on a loan?
What happens to the furniture, computer and such that you owe money on? Can they be protected under both Chapters?
See these bullet points on dealing with your home lender under Chapter 7 and under Chapter 13.
File under Chapter 7 if you don’t need lots of help keeping your vehicle. File under Chapter 13 if you do.