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surrendering property

can you surrender property in a chapter 13 and still stay in the plan?

jenkin7's picture
jenkin7 | Joined: June 4, 2007 11:02 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi iloliver,

You can surrender your property under [url=http://www.mortgagefit.com/bankruptcy/chapter13.html]chapter 13 bankruptcy[/url], 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.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:16 | Post subject:

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