More details to this question:
Hello, I had a secured credit card debt for my business in an individual bankruptcy I filed but the credit card company did not appear to claim the debt. Was a debt discharge therefore ok in this case?
1 ANSWER
Bankruptcy Attorney serving Folsom, CA
at
Law Office of Gerald L. White
Update Your Profile
If the debt was listed, it was discharged. The creditor does not lose the right to repossess the colateral and likely closed the account and retained the collateral upon entry of the discharge order and final decree closing the case. If there was property for the trustee to liquidate to pay creditors, the secured creditor may not have filed a claim because they were paid in full from the collateral.
Answered on May 17th, 2021 at 8:29 AM