Retain or Surrender Secured Debt in Bankruptcy?

Retain or Surrender: Deciding What to Do with Secured Debt in Bankruptcy -- LEE LEGAL -- DC VA MD Bankruptcy Lawyer

Secured debt in bankruptcy is treated differently than unsecured debt. In a Chapter 7 bankruptcy, loans securing property may exempt that property from liquidation. Chapter 13 bankruptcy, on the other hand, allows you to repay over time any defaulted amounts on secured loans. Often the most important question revolves around whether to retain or surrender […]