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Bankruptcy

: The Debt Podcast

Chapter 13 and House Mortgage: Surrender and Discharge in Illinois

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There are two ways to walk away from a home mortgage loan while in chapter 13, voluntarily and involuntarily.  One voluntary method involves electing to surrender the real estate.  This election can be made at any time during the case, most commonly occurring at the beginning with the original Plan.  Such a plan generally provides [...]

Full post as published by The Debt Podcast on February 13, 2008 (boomark / email).

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