How To Return Collateral To The Creditor During Bankruptcy
When you file for the protection of bankruptcy, you have choices to make about what to do with your property. If you are able to continue making payments on your secured debt, like your house or car, you can do so by reaffirming that debt. However, if your budget is too tight to allow you to continue paying for all of your secured debt, you can choose to surrender the property back to the...