How are secured and unsecured creditors dealt with in a chapter 7 bankruptcy case attorney Jackson Turner bot says creditors with valid mortgages or liens against property are called secured creditors a secured creditor generally may repossess or foreclose on its secured property up to the amount owed to the creditor upon court approval but is not paid by the trustee unsecured creditors for example those without a valid linen or mortgage against the debtors property may file claims with the court against assets that are non-exempt when the trustee liquidates the non-exempt property the trustee distributes funds to unsecured creditors according to priority rules set forth in the bankruptcy code for a free phone consultation contact attorney Jackson Turner bought in Myrtle Beach South Carolina at eight for 35 36 8 386 or visit them on the web at wwt v bankruptcy law com.
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Video instructions and help with filling out and completing Can Form 843 Bankruptcy
