now that I am done with my DAT studies, i'm starting to finish up everything...
so.. i printed out the cliam forms for pointclick.. and i'm runing into some verbage problems....
here is the aprt I am stuck on..
* UNSECURED CLAIM A claim is unsecured if there is no collateral or lien on property of the debtor securing the claim or to the extent that the value of such property is less than the amount of the claim.
* SECURED CLAIM $ Attach evidence of perfection of security interest Brief Description of Collateral:___________________
Amount of arrearage and other charges included in secured claim above, if any $_____________________________
so... this is what I did (for those of you who don't remember pointclick) .. i bought a cpu from Onvia through pointclick... and they were going to give me a certain percentage back, which equals $21.57.
I don't understand the secured/unsecured crap... i have emails were it states what they owe me and their acknowledgemente of paying me, so that isn't a problem...
what should I put? secured or unsecured?
unsecured, secured means you have collateral, i.e. something of the company's
Secured - I have an "interest" in some of your stuff as "security" until you pay.
Unsecured - I pray that you pay me back
Car Loan (secured) - You don't pay back lender, Emilio Estevez (Repo Man) visits you and takes back car
Visa (unsecured) - You buy CyberRebate stuff with you Visa and then don't pay your bill because CyberRebates folds. Visa is now SOL (that's the legal term and can't take back the merchandise.
Therefore, your debt from pointclick is UNSECURED (and you will likely get little or nothing from the claim)