If Surrender Is the Answer, What Is the Question?

(Reprinted from the Norton Bankruptcy Law Adviser newsletter, June 2015, with permission. Copyright © 2015 Thomson Reuters/West. For more information about this publication please visit http://legalsolutions.thomsonreuters.com/)
By Michael E. Cecil, Staff Attorney for Jon M. Waage, Chapter 13 Standing Trustee (Bradenton, FL)

One of the many things a debtor in a Chapter 13 bankruptcy case is allowed to do is surrender collateral to a secured creditor. This includes real property that may be subject to multiple liens, mortgages and/or homeowners’ association . . .

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