Dell Bankruptcy Question?

Question

If you file bankruptcy on a dell preferred account, can they take your computer away?

Answer 1

they might --but the day you got it it was obsolete

Answer 2

This is a possibliity.  But most of the time they don't because Dell cannot sell the computer as new again.

Answer 3

If it is a secured account, I believe that they can.

Answer 4

Look through your account agreement to determine if the creditor has a secured interest in the computer.  The likelihood of exercising its rights as a secured creditor will depend on the cost of the computer.   The laws allowing debtors to benefit from bankruptcy were radically changed against the bankrupt by amendments to U.S. Bankruptcy Code effective October 17, 2005.