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Yes, these type of loans can be included in a bankruptcy. However, if
theyare secured by assets you own, the assets will either have to be
returned and any deficiency included in the bankruptcy or you continue paying on
the loan to keep the asset if the creditor allows you. To find out how
these loans affect your situation you should obtain an assessment.
To obtain a free assessment of your financial concerns, you should
contact a Trustee in your area by looking in the yellow pages under "Bankruptcy".
If you have any further questions or want to come in for a free
assessment to our office, please call or email me using the information below.
Shane Brenneis
phone: (403) 298-1575
sbrenneis@collinsbarrow.com
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