Q: A timeshare was foreclosure, what should i do?
A: The information you provide is very limited but if you did not wish to retain the timeshare, allowing it to be taken via a foreclosure process is not a problem. The issue that may come up is whether the management company will seek to recover any past due amounts on any lien or for maintenance. It is common for our Chapter 7 bankruptcy clients to list timeshare liens and maintenance charges as debts that they seek to discharge where they are surrendering or have lost timeshares.
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