Personal property that is subject to an unexpired lease and is not exempt must be surrendered by the debtor,redeemed by paying the secured lien in full or the debtor must assume the unexpired lease.

Question

Quizplus · Accepted Answer

This statement is true. When a debtor files for bankruptcy, any personal property that is subject to an unexpired lease and is not exempt must be surrendered, redeemed by paying the secured lien in full, or assumed by the debtor if they want to keep the property.

Personal Property That Is Subject to an Unexpired Lease and Is