Did you like how we did? Rate your experience!

4.5

satisfied

46 votes

If a person surrenders his personal residence in Chapter 7 bankruptcy?

The owner is the party holding record title. "Surrendering" property in a bankruptcy case is not a transfer of title. It is merely a "statement of intent." To be effective as a transfer, the statement of intent must be followed up with a valid deed, delivered to the new owner, and accepted by the new owner, and properly recorded.

100%
Loading, please wait...