"Surrender" Under Bankruptcy
- November 25, 2015
- Thomas Adam
- Bankruptcy
Bankruptcy and foreclosure are in some ways very different. The former involves primarily federal law, seeks to assist the debtor, and involves all of a debtors assets and liabilities. Foreclosure in contrast involves primarily state law, seeks to assist the creditor in securing the rights to the collateral property, and involves only the debtors home. Despite these differences, the two areas of law overlap at points, in part because many debtors filing for bankruptcy have property that i[...]