Selectively adjustable device for securing a handbag

A selectively foldable device for securing a handbag, comprising:

• a primary hook having a first end and a second end, said primary hook also comprising a linear portion that is interconnected to a portion adapted to receive the handbag;
• an auxiliary arm with a first portion and a second portion hingedly interconnected and spring biased to said first portion, said auxiliary arm rotatably interconnected to said linear portion of said primary hook and capable of selectively rotating about said linear portion of said primary hook;
• an extension with a first end interconnected to said second portion of said auxiliary arm and a second end;
• a head operably interconnected to said first end of said primary hook, said head having a first surface adapted to engage a horizontal surface;
• wherein in a first, folded position of use said auxiliary arm and said extension is positioned such that said second end of said extension is positioned adjacent to said second end of said primary hook;
• and
• wherein in a second position of use said surface of said head adapted to be engaged on a horizontal surface and said auxiliary arm and associated extension are positioned such that said second end of said primary hook and said second end of said extension are positioned away from each other so that said head may be adapted to be positioned on said horizontal surface and said second end is adapted to be positioned beneath said horizontal surface.