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An Individual Debtor Whose Schedule of Assets and Liabilities Includes

Question 21

True/False

An individual debtor whose schedule of assets and liabilities includes consumer debts secured by property of the estate must file with the bankruptcy court clerk a statement of intention with respect to the retention or surrender of the property. If the property is claimed as exempt, the debtor must state whether he or she intends to redeem the property or to reaffirm debts secured by the property.

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