What is a secured claim in bankruptcy?

Answer In bankruptcy, a secured claim falls between a priority claim and an unsecured claim in terms of priority. A priority claim such as alimony, tax debts or court judgments must be paid in full. Unse... Read More »

Top Q&A For: What is a secured claim in bankruptcy

What are the treatments for secured creditors in Chapter 13 bankruptcy?

In Chapter 13 bankruptcy, a debtor must have enough income to repay mandatory debts, such as secured claims, in full over the life of the plan. Plans range from three to five years.Secured DebtA se... Read More »

What happens when you claim bankruptcy?

When you claim bankruptcy, a number of things will happen to move your case forward. It's important to stay on top of every step required to successfully file bankruptcy, or risk having your case f... Read More »

How to Claim Bankruptcy & Keep Your Car?

An excessive amount of debt can cause financial stress and eventually lead to bankruptcy. When someone files a petition for Chapter 7 Bankruptcy, one of the questions they frequently ask is, "Can I... Read More »

Can you claim bankruptcy twice?

You can claim bankruptcy twice, but some restrictions apply. You must wait eight years after filing Chapter 7 bankruptcy to file again. However, you can file a Chapter 13 bankruptcy two to four yea... Read More »