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    wessmom's Avatar
    wessmom Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 22, 2007, 01:38 PM
    Creditor Asking for Property Back
    My husband and I filed bankruptcy, which was discharged 3 1/2 years ago. We received a letter in the mail from an attorney about a debt in which we purchased a 4 wheeler by credit card. The 4 - wheeler was paid in full, but we purchased accessories with the credit card and that was the amount that was owed at the time of the bankruptcy. The 4 wheeler was sold at least a year or more prior to the filing of the bankruptcy. Now, the creditor is seeking the collateral. What to I need to do?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jan 22, 2007, 01:43 PM
    First, when you purchase anything via credit card, there is no collateral. Collateral exists only whem you sign a contract that specifies something as collateral. Second, wasn't this debt discharged with the bankruptcy? If not, then you will have to make arrangements to pay it.
    mr.yet's Avatar
    mr.yet Posts: 1,725, Reputation: 176
    Ultra Member
    		  
    #3

    Jan 22, 2007, 01:45 PM
    Dispute their claim in writing, demand they produce the original contract for a start. Ask them to explain the nature of their alleged claim in full
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