Brian D. Lerner Immigration Attorney & Deportation Lawyer Blog

The debtor can cure a long term debt and get it reinstated without default.

Another option is that the secured creditor accepts the Plan. In many jurisdictions if the creditor fails to object to the Plan, that creditor has accepted the Plan.

The third option is to surrender collateral to pay off the debt. If it is just a partial collateral, it is likely the Plan will fail although the collateral could be used to decrease the debt owed.

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