Legal News for Credit Union Managers Since 1990

Archive for January, 2019

02
Jan
2019

Debtor Retains Collateral Without Reaffirmation

In this case, Capital City First National Bank held a properly perfected secured interest in the debtor’s Mazda vehicle. The debtor filed a Chapter 7 bankruptcy and, although he owed more than $10,000.00 on his loan to the bank, he did not reaffirm that obligation or redeem the collateral. The debtor did, however, continue to […]

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