Posted on: 22nd Oct, 2009 01:29 pm
can you surrender property in a chapter 13 and still stay in the plan?
hi iloliver,
you can surrender your property under chapter 13 bankruptcy, if you do not want to keep it. when you surrender the property, the remaining part of the debt becomes unsecured. a portion of this unsecured debt will then be included in your chapter 13 plan and you will be required to pay it off as per the repayment plan.
you can surrender your property under chapter 13 bankruptcy, if you do not want to keep it. when you surrender the property, the remaining part of the debt becomes unsecured. a portion of this unsecured debt will then be included in your chapter 13 plan and you will be required to pay it off as per the repayment plan.