Both secured and unsecured debt can be discharged in Chapter 13 bankruptcies, but non-dischargeable unsecured debts cannot be discharged in California. The California Debt and Investment Advisory Commission (CDIAC) provides information, education, and technical assistance on debt issuance and public.To better understand secured vs. Fill in the name of the person or entity asserting a claim and the name and address of the person who should receive notices issued during the bankruptcy case. A secured party with a perfected security interest in the accounts of the debtor, a general contractor, encumbered the debtor's right to the amounts withheld. A covered loan shall not include a prepayment fee or penalty after the first 36 months after the date of consummation of the loan. California's one action rule and antideficiency protections, together with the related fair value limitations, are procedural rules with substantive effects. File Form 1099-A, Acquisition or Abandonment of. Secured Property, for each borrower if you lend money in connection with your trade or business and, in full or.