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  1. #1
    Join Date
    May 2011
    Posts
    3

    Default Home Surrender During Chapter 13 Bankruptcy

    My question involves bankruptcy in the state of: North Carolina

    I am planning on getting married and moving to a new state the next few months. I have 22 months remaining on a 54 month Ch 13 plan. I have 0% going to unsecured creditors.
    Is it possible for me to surrender my home and keep paying on the ch 13 to completion?

    Any other possible solutions? I want my discharge not a dimissal.

    Thanks Everyone

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Home Surrender During Chapter 13 Bankruptcy

    You would not want to default on payments that are included in your Chapter 13 repayment plan.

    Should we be making guesses here, that you have no equity or are upside-down on the home? Have you considered enlisting the bank's cooperation and seeing if the trustee will agree to a short sale?

  3. #3
    Join Date
    May 2011
    Posts
    3

    Default Re: Home Surrender During Chapter 13 Bankruptcy

    Thats right, I am upside down with no equity maybe by a 20-30k deficit. I placed a call to my attorney today, Im waiting to hear back.

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