My question involves collection proceedings in the State of: Texas
I took out a signature loan several years ago that is secured by a Security Agreement referencing "personal property". The property is listed on the agreement as "Sony 50' TV" and "PS3". I have made the mistake of renewing this loan several times and I currently owe them about $2100. I lost my job several months ago and have been struggling to pay the necessities and I can no longer make these payments (as well as other obligations). In the years that have passed since this agreement was first signed, I no longer own these items. What recourse will the loan company have against me?

