I want to file bankruptcy on my unsecured debt. I have a personal loan thru OneMain Financial and they have the title to my car. But on my credit report, it states that the loan is unsecured. What can I do about this?
Asked on 10/18/12, 7:29 am
2 Answers from Attorneys
David Baker
Law Office of David Baker
The credit report is probably wrong, which (unfortunately) is not all that uncommon. If the lender has possession of the title, then I think any court would consider them secured. You are right to be concerned, however, and this should be thoroughly investigated before filing a bankruptcy case.
Answered on 10/18/12, 7:34 am
Steven Striffler
Steven R. Striffler Attorney At Law
Review your loan documents to determine if your loan is secured or ask the lender for a copy of the documents.
Answered on 10/18/12, 9:57 am
