By Michael Sullivan, 2015 J.D. Candidate
The importance of valuation in a Chapter 13 repayment plan cannot be understated—determining the value of a given piece of collateral will directly affect the claims of creditors whose debts are secured by that collateral. Because of this, the treatment of encumbered property is frequently a source of contention between debtors and creditors.
One way of dealing with encumbered property in a Chapter 13 is to surrender it to the secured creditor under § 1325(a)(5)(C). 1 The surrender provision . . .
It looks like you are not signed in or registered! This content is only available to members.
Or Sign In Below: