Doan Law Firm 521 Surrender
The Doan Law Firm makes it EASY for chapter 7 bankruptcy debtors to PERFORM their intention of SURRENDERING secured property as as required under 11 U.S.C. § 521(a)(2).
A secured debt exists where a debtor has pledged real or personal property as collateral for the loan. Common examples of secured debts include home loans, vehicle loans, and recreational vehicle loans. Other secured debts may also exist where a purchase money security interest has been granted(jewelry, electronics, furniture, solar, etc.), or an involuntary lien has attached to the collateral by statute or operation of law(judgment lien, hoa lien, mechanic lien, etc.).
Section 11 U.S.C. § 521(a)(2) sets forth debtor duties concerning property serving as collateral for secured debts. One of the forms filed in the Bankruptcy Case is the “Statement of Intention” where debtors must state their intention to RETAIN, REDEEM, or SURRENDER secured assets. The debtor must then perform their statement of intention.
Unfortunately, many creditors frustrate the ability of a debtor to perform their intent to SURRENDER. It is not uncommon for secured creditors to delay in retrieving their collateral, demand money to retrieve their collateral, or outright refuse to retrieve their collateral. Such creditor tactics unfairly punish debtors with with vehicles that do not run, have salvage value, have expired tags, etc. since they simply cannot store the vehicles. Moreover, tow companies, charitable organizations, and junk yards also refuse to retrieve such vehicles. Thus, DLF previously experienced countless past clients left in the legal quagmire of possessing, maintaining, insuring, reregistering, and garaging unwanted vehicles without the financial resources to do so. DLF no longer allows creditors punish our clients in such manners, thwart our clients’ surrender rights under 521(a)2, and diminish the “fresh start.”
The easiest way now to surrender unwanted secured collateral is to simply call us at 1-800-380-DOAN. We will then coordinate disposition of the collateral and provide you peace of mind. There is no need to contact the creditor at all since we handle all that for you. We have direct contacts with certain creditors and creditor liaisons with others for the speedy pickup, transport, delivery, certified notice, storage and disposition of vehicles, motorcycles, recreational vehicles, RVs, ATVs, trailers, boats, jetskis, etc.
Our clients no longer need to jump thru all the hoops in contacting the creditor to pick up the collateral, the wait for the creditor to pick up the property, middle of the night repossessions, the embarrassment of a tow truck at your house, the risk of parking tickets on the street, wasted time on the phone trying to find the right bankruptcy surrender department, etc. Pick up is usually the same day you call and easy. There is also NO FEE for these services! Just give us a call!
Just as significant, creditors benefit through our direct access with have them. For creditors we do not have direct access to, our creditor liaisons protect and insure the secured assets at a gated facility and there is no cost to the creditor as long as they timely retrieve their collateral. Creditors are very thankful to us since our services eliminate unnecessary stay relief motions, fees and costs, confusion on collateral drop off locations, etc.
So Call Us at 1-800-380-DOAN or fill out our 521 Surrender Form Here:
The San Diego Bankruptcy Attorneys of the Doan Law Firm, California’s Largest Family of Attorneys, Specializing in Bankruptcy, and Non-Bankruptcy Alternatives.
At Doan Law our Bankruptcy Attorneys will answer all your Chapter 7 Bankruptcy and Chapter 13 Bankruptcy questions. Call us now to meet with one of our expert bankruptcy attorneys, at any of our San Diego Bankruptcy offices, call (760) 450-3333.