I have a timeshare that I own with my cousins. It was my responsibility to pay the dues for this year (they would send me a check for their half). I forgot to pay them and I just got a letter from a collections company. I'm filing chapter 7 this week. Can I still pay it without getting in trouble?
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Wouldn't the timeshare have to be included in your bankruptcy? Is this a deeded property with your name on it? You may want to consult with your attorney on this one.Chapter 7 Filed: 04/21/2011, 341 Meeting: 05/31/2011, Report of No Distrubution: 06/02/2011, Discharged: 08/03/2011, Closed: 08/10/11
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The timeshare was gifted to my cousin and I over 6 years ago from an uncle. My cousin and I are on the deed and we pay a yearly maintenance fee of 700 a year, so 350 each. It's not worth much, especially since I'm only part owner.
I just thought I would see if someone here knew. I put an email in to my lawyer, but I always like getting answers from here.**Filed - 5/4/11 Bring it on! ** 341 - Scheduled for 6/6/11 that wasn't so bad, but continued **Discharge - (after 8/5/11)
**Credit Scores - 5/4/11 - EQ = 590**EX = 656**TU = 702
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