QUESTION
How can I stop paying the maintenance of a timeshare without lien being attached on my personal assests?
Asked on Jan 03rd, 2014 on Bankruptcy - Arizona
More details to this question:
I have a timeshare deeded in Arizona, no loan on it, I cannot pay the maintenance fees any longer, if I don't pay them, will a lien attach any of my personal assets? I tried to give it back to the timeshare company, but they said that its not a policy of theirs. Can you give me some information on this?
1 ANSWER
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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It depends on the exemption laws of the state where you live. Each state has a different group of assets that are protected from a creditor. Talk to a good attorney who knows the exemption laws in your state. That same attorney will be able to explain the collection rights of a creditor.
Answered on Jan 07th, 2014 at 7:25 PM