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Old 06-16-2009, 08:53 PM
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Flux Flux is offline
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But isn't giving a deposit considered something to hold the property in your interest?

"Secured claim" means any claim secured by mortgage, trust deed, pledge, deposit as security, escrow, or otherwise but does not include a special deposit claim, a claim against general assets, or a claim based on mere possession. In other words, if a claim is secured by some form of collateral, it is considered a secured claim.

For myself personally, I don't think I would want to be classified as "unsecured" because of the Priority rules.


I think I'm officially --->

Last edited by Flux; 06-16-2009 at 09:04 PM.
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