Legal Question in Bankruptcy in Tennessee

timeshares

have a timeshare that i cant pay for now due to becoming disabled and losing employment. they are driving me nuts and have turned me over to collections. can i go bankrupt on this or is there another option? done tried to sell. please help


Asked on 1/25/09, 3:50 pm

1 Answer from Attorneys
Thomas Zimmerman Zimmerman Law Office

Re: timeshares

A "timeshare" refers to one or more arrangements which provide for a vacation location. They can be merely a contract obligation or an interest in real estate. Either way, the debt and future obligation is dischargable in bankruptcy.

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Answered on 1/26/09, 9:05 am


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