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surrendering property

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iloliver Joined: 22 Oct 2009 Posts: 1 1.23 Dollars($)	Posted: Thu Oct 22, 2009 1:29 pm    Post subject: surrendering property Like 0 Dislike 0 can you surrender property in a chapter 13 and still stay in the plan?
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Fri Oct 23, 2009 12:18 am    Post subject: Like 0 Dislike 0 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.

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