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May I keep secured items if I continue the payments?

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mayte2742 Joined: 04 Dec 2009 Posts: 2 1.00 Dollars($)	Posted: Fri Dec 04, 2009 9:25 pm    Post subject: May I keep secured items if I continue the payments? Like 0 Dislike 0 I have two tv sets and a computer that I am paying monthly. May continue my monthly payments in order to keep these items? Chapter 7 bankrutcy.
mayte2742 Joined: 04 Dec 2009 Posts: 2 1.00 Dollars($)	Posted: Fri Dec 04, 2009 9:26 pm    Post subject: Chapter 7 bankruptcy Like 0 Dislike 0 May I keep secured items if I keep the monthly payments?
jameshogg Joined: 20 Dec 2005 Posts: 10148 Location: Nevada 941.94 Dollars($)	Posted: Fri Dec 04, 2009 11:47 pm    Post subject: Like 0 Dislike 0 Hi mayte, Your query has been replied to in the given page: http://www.mortgagefit.com/bankruptcy/chapter7-12.html#137634 Please take a look at it. I hope it'll help you. Thanks
raymond Community Expert Joined: 03 Jul 2009 Posts: 1166 Location: Irvine, California 24.79 Dollars($)	Posted: Sun Dec 06, 2009 8:40 am    Post subject: Like 0 Dislike 0 You'll be able to keep all basic necessities, and a TV falls into that category, but you can't purchase them right before declaring bankruptcy - there's a time limit. Do you need your computer for work? Or do you just play games on it? Is it a basic necessity? Unless you purchased them with a secured credit card. You'll have to give them back in that case, if they ask for them. _________________ Raymond Denton www.raymonddenton.com

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