Legal Question in Bankruptcy in California
Chapter 7 Discharge Secure Debt
Can a secured debt on a piece of non-owner occupied property be discharged in a Chapter 7 if the lender makes no claim?
Asked on 6/10/08, 3:36 pm
1 Answer from Attorneys
Brian Whitaker
Lifeline Legal, LLP
Re: Chapter 7 Discharge Secure Debt
Yes - but the lien will remain.
In other words, you will be discharged of the obligation to pay the debt; but you can't keep the property without paying for it.
Answered on 6/11/08, 3:56 am