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June 10, 2004
521(2)(a) Allows Non-defaulting Chapter 7 Debtor to retain Property subject to Secured Loan by Staying Current In re Price __ F.3d __ (3rd Cir. 2004) The Prices wanted to use their automobiles while remaining current on their monthly loan payments. Lienholder, Delaware State Police Federal Credit Union (“Credit Union”), convinced the Bankruptcy Court and the...
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