Under the 2005 bankruptcy act,if a nonexempt personal property of an individual debtor secures a claim or is subject to an unexpired lease,the debtor ________.

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Under the 2005 bankruptcy act, if a nonexempt personal property of an individual debtor secures a claim or is subject to an unexpired lease, the debtor must surrender the property. This means that the property will be sold by the bankruptcy trustee to pay off the creditors. The debtor may be able to buy back the property from the trustee, but this is not always possible.

Under the 2005 Bankruptcy Act,if a Nonexempt Personal Property of an Individual