A debtor in possession or DIP in United states of america bankruptcy regulation is an individual or Company who's got filed a bankruptcy petition, but remains in possession of house on which a creditor includes a lien or equivalent protection interest.The first alternative will take creativity and labor. The Some others call for you to definitely c

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The Chapter 13 Bankruptcy Trustee will go in excess of the overall funds of the Chapter 13 Individual bankruptcy petitioner and allocate a certain percentage in the consumers revenue to pay for the creditorsReally, no, you don't. If you cannot afford to pay for the payment or don't need the house any more, you may give the home back into the lender