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Bankruptcy

: The Debt Podcast

Surrender in bankruptcy doesn?t transfer title

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Even if you state your intention to surrender property in your Chapter 7 bankruptcy, the creditor will stilll have to foreclose to relieve you of ownership. The election or intention to “surrender”  in the bankruptcy papers is really nothing more than an announcement that the debtor doesn’t intend to attempt to keep the property.  Since state [...]

Full post as published by The Debt Podcast on July 25, 2009 (boomark / email).

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