Pawned Items And Chapter 7 Bankruptcy: What You Need To Know
A lot of people take some desperate measures to try to keep the bills paid—including pawning sentimental pieces of jewelry or other valuables. That can end up causing a few difficulties later, however, if those items are still in pawn when you decide to file Chapter 7 bankruptcy. Here's what you should know about bankruptcy and pawned property. Do you have to tell the bankruptcy trustee about the items in pawn?