3 secured loans totaling $600 but collateral is unavailable to reposess

[wsvance]

I'm working on schedule D on Chapter 7 and I have no clue on what to do for these 3 secured loans. All of the collateral was stolen except for one item which I had lost beforehand.

LOAN 1 NPMSI -> $740 in collateral; $172 balance.

LOAN 2 NPMSI -> $200 collateral; $100 balance.

LOAN 3 PMSI -> $500 collateral; $216 balance.

I doubt they can be discharged correct? What would be the best action to take?

[OhioFiler]

What were these secured loans you speak of actually secured by? Are there titles? Are you sure they're secured? Is this through Best Buy or a similar merchant?

All debts you fail to reaffirm or are nondischargable by statute (student loans, taxes) are discharged in a Chapter 7.

[despritfreya]

If the collateral is gone the creditor is unsecured and is listed on Schedule F. If and when the creditor comes for the items you just have to tell them what happened. The debts are discharged.

Des.

[wsvance]

Wow that's a relief.

Thanks so much!