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	<title>WWR Bankruptcy &#62; Your Bankruptcy News &#38; Information Source &#187; repossession</title>
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	<description>WW&#38;R Bankruptcy practice group of Weltman, Weinberg &#38; Reis, the nation&#039;s largest creditor&#039;s rights law firm, is your source for bankruptcy news and information. We are committed to helping clients thrive in these ever changing times.</description>
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		<title>Debtors Not Allowed to Retain If Current</title>
		<link>http://wwrbankruptcy.com/2009/10/07/debtors-not-allowed-to-retain-if-current/</link>
		<comments>http://wwrbankruptcy.com/2009/10/07/debtors-not-allowed-to-retain-if-current/#comments</comments>
		<pubDate>Wed, 07 Oct 2009 14:47:48 +0000</pubDate>
		<dc:creator>Alan Hochheiser</dc:creator>
				<category><![CDATA[2005 BAPCPA]]></category>
		<category><![CDATA[Chapter 7]]></category>
		<category><![CDATA[Motor Vehicle]]></category>
		<category><![CDATA[automatic stay]]></category>
		<category><![CDATA[collateral]]></category>
		<category><![CDATA[ipso facto]]></category>
		<category><![CDATA[Ninth Circuit Court of Appeals]]></category>
		<category><![CDATA[repossess]]></category>
		<category><![CDATA[repossession]]></category>
		<category><![CDATA[retain and pay]]></category>
		<category><![CDATA[statutory obligation]]></category>

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		<description><![CDATA[Most creditors are familiar with the phrase, “retain and pay”.  The bankruptcy code provides for certain treatment of debt, which is secured by personal property in Chapter 7 bankruptcies.  Specifically, the bankruptcy code provides that debtors must either reaffirm the existing debt, redeem the collateral or surrender the collateral (or assume or reject the lease.)  [...]]]></description>
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