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Posted On: July 9, 2010 by Scott Sagaria

What is Secured Debt, San Jose?

A San Jose bankruptcy attorney answers a popular consumer question with regarding to filing bankruptcy: What is a secured debt?

Answer: Secured debt is any debt that is “secured” by a lien on some collateral. Generally speaking secured debts usually include a debtor’s home and car. In some rare cases credit cards have a purchase money clause that grants the lender a right to repossess any item purchased with the card. This would be also be a secured debt.

If you have questions regarding Bankruptcy in San Jose please contact us at 408.279.2288 for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys. After you have spoken with one of our downtown San Jose bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or bankruptcy litigation case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, San Jose and the South Bay!

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Posted In: Consumers in Debt

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