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  1. #1
    Join Date
    Jun 2014
    Location
    Evansville, IN
    Posts
    18

    Default What Does it Mean to Keep or Surrender a Service in Chapter 7 Bankruptcy

    My question involves bankruptcy in the state of: Indiana

    i will be filing for Chapter 7 in a couple of days. i currently have a contract with Sprint that includes leasing 5 cell phones. (started in May 2017, ending May 2019)

    attorney's paperwork asks "do you intend to keep or surrender"

    whay does this mean? do we get to keep the service on a month to month basis, (ie, no contract), or do we need to port out our phone numbers to another carrier?*

    UNSURE about how this works and what I need to do as a consumer.*

    thank YOU,*
    ​​​​​​​bubba

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

    Default Re: What Does it Mean to Keep or Surrender a Service in Chapter 7 Bankruptcy

    "Keep or surrender" refers to property that secures a debt. As you are leasing the phones, it stands to reason that your lawyer is asking whether you want to continue to lease the phones, or if you want to surrender the phones back to Sprint in order to have that obligation discharged as part of your bankruptcy.

  3. #3
    Join Date
    Jun 2014
    Location
    Evansville, IN
    Posts
    18

    Default Re: What Does it Mean to Keep or Surrender a Service in Chapter 7 Bankruptcy

    AWESOME. we go back Wednesday to sign all of the final paperwork, and we'll have a case number.

    SO what NOW? do I need to port my numbers elsewhere and get new service with another provider (like cricket wireless)?

    should I wait until we have the case number?

    than you again for your HELP!

  4. #4
    Join Date
    Oct 2016
    Posts
    4,301

    Default Re: What Does it Mean to Keep or Surrender a Service in Chapter 7 Bankruptcy

    How to handle the cell phones would best be discussed with your lawyer.

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