Q: I owe about 10,000 to conns on furniture. If I file bankruptcy will they take the furniture or can I keep it?
A: Depends on how you purchased the furniture. If it is an inhouse payment agreement, you must review the agreement for a Purchase Money Security Clause. If the Clause is not there it shouldn't be an issue; however, if the furniture still has such a high value it will likely exceed your available exemptions and cause other problems with a Bky.
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