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Bankruptcy Law/secured or unsecured?

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Expert: Norma Duenas - California Bankruptcy Attorney - 2/2/2010


Question
What catagory does a auto loan fall under? Secured or unsecured? I live in Oregon, and am filling out the schedules for ch 7 BK.

Answer
If you still have possession of the vehicle then you would list the loan as a secured loan under schedule D and you would link it to the vehicle listed in schedule B. If the vehicle has been repossessed and you are no longer in possession of the vehicle then you would list the auto loan under schedule F as unsecured debt.

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Norma Duenas - California Bankruptcy Attorney

Expertise

Norma Duenas is a California Bankruptcy Attorney representing clients in Chapter 7 and Chapter 13 consumer bankruptcy cases. Norma Duenas is the founding member of Southern California Law Advocates a consumer bankruptcy law firm. For further information you can visit us at: California Bankruptcy Attorney - Riverside, Los Angeles, & Orange County

Experience

Have filed over 350 consumer bankruptcy cases in Orange County, Los Angeles and Riverside. I have worked previously for Macey and Aleman, the largest consumer bankruptcy firm in the country. Currently I am the owner of Southern California Law Advocates, a bankruptcy law firm with offices in Orange County, Los Angeles and Riverside. Law offices is focused on consumer Chapter 13 and Chapter 7 bankruptcy.

Organizations
California Bar Association American Bar Association Riverside Bankruptcy Attorney

Education/Credentials
University of California, Irvine, BA in Criminology, Law and Society California State University, Los Angeles MS in Criminal Justice University of San Diego, Law School, JD Cum Laude

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