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One of my creditors has a small claims judgement against me. Is it a secured claim if I file bankruptcy?

April 26, 2017Bankruptcy claim Creditors file judgement secured small

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One of my creditors has a small claims judgement against me. Is it a secured claim if I file bankruptcy?

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I have a R9 rating at the credit bureau. One of the collection agents has offered to settle the debt and place a “good” note on my credit file. Is it worthwhile to make the payment and try to build up my credit rating? Remember the credit bureau will show all your credit history so your past “sins” will be there for everyone to see. The offer to place a good note on your credit report may be a way for the collection agent to make his collection target this month. What effect does bankruptcy have on second mortgages? A second mortgage is a secured debt that Bankruptcy does not effect. If you cannot pay the payments the second mortgage holder could start foreclosure action against your real estate. Unless you have personally guaranteed the second mortgage, they would have no other recourse against you.