My question involves bankruptcy in the state of: NH
Is a loan with a UCC-1 Lien dischargable in Chapter 13? I had a new steel roof put on my house about 2 years ago. The loan was through a finace company. I owe about 17,000 and am filing chapter 13 at the beginning of next month. I am about 2 months behind on the loan payments ($600) and they sent a letter saying they put a Lien against the products I purchased to improve my home (the roof) in the form of a UCC-1 Lien. It says the lien may prevent the sale or refiance of my home. Will this be dischargable, or considered a secured loan that I have to continue making the payments on? By the way, I did leave my lawyer a message asking about this but he hasn't gotten back to me...
Thank you in advance!
Is a loan with a UCC-1 Lien dischargable in Chapter 13? I had a new steel roof put on my house about 2 years ago. The loan was through a finace company. I owe about 17,000 and am filing chapter 13 at the beginning of next month. I am about 2 months behind on the loan payments ($600) and they sent a letter saying they put a Lien against the products I purchased to improve my home (the roof) in the form of a UCC-1 Lien. It says the lien may prevent the sale or refiance of my home. Will this be dischargable, or considered a secured loan that I have to continue making the payments on? By the way, I did leave my lawyer a message asking about this but he hasn't gotten back to me...
Thank you in advance!
Chapter 13: Is a Loan with a Ucc-1 Lien Dischargable in Chapter 13
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