surrendering property

Author Message
Icon Mini Profile iloliver

Joined: 22 Oct 2009

Posts: 1

1.23 Dollars($)
Post Posted: Thu Oct 22, 2009 1:29 pm    Post subject: surrendering property

can you surrender property in a chapter 13 and still stay in the plan?
Icon Mini Profile jenkin7

Joined: 04 Jun 2007

Posts: 4537
Location: Hawaii
728.42 Dollars($)
Post Posted: Fri Oct 23, 2009 12:18 am    Post subject:

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.
Ask question
Your Name
Image Verification

Can't read the image? click here to refresh
Message Body
All times are GMT - 7 Hours
Page 1 of 1

Delete this topic Move this topic Lock this topic Split this topic 

Page loaded in 0.781 seconds.