Is there a process for surrendering your mobile home property after the loan on it has been discharged in a Chapter 7 bankruptcy?
Question Details:
My mobile home loan was discharged 6 years ago in a Chapter 7 bankruptcy. I continued to live there, at the advice of my attorney, and made monthly payments to the creditor and remained living in the mobile home since the discharge. Due to circumstances, I have decided now that I am going to surrender the property to the creditor because I need to move to help my elderly parent. Other than notifying the creditor that I am surrendering the property, do I need to file any formal paperwork or motions? If so, what?
Nope. Just give it back to them. You have no liability other than the collateral itself.
Mark J. Markus, Attorney at Law
Handling exclusively bankruptcy law cases in California since 1991.
http://www.bklaw.com/
