I've casually talked with someone I know thinking about a Ch. 13 BK. They have 2 homes (Primary and Vacation), they plan to move into the vacation home and let the primary home go (walk away free and clear). Is this possible in a Ch. 13, their lawyer says yes. I don't understand the CH. 13 BK rules but I want to save them from a disasterous decision if this is not possible.
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Filed Ch7 12/11/09 | 341: 1/20/10 | Discharge: 3/23/10 -
It is possible if they establish the vacation home as their primary residence. Absolutely. I was going to do this with my rental home, but later decided to just let it go.Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
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