Legal News for Credit Union Managers Since 1990

Archive for June, 2019

03
Jun
2019

Pay & Retain Collateral Without Reaffirmation

In this case, the Bankruptcy Court held that a Chapter 7 debtor, who was not in default under the obligations of a consumer loan agreement, was not limited to redemption, reaffirmation, or surrender of the collateral. Here, in the Matter of Windham (Bkrtcy.M.D.Fla., Judge Thomas E. Baynes, Jr.), the court held that a Chapter 7 […]

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