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price. For example, where the property is a personal vehicle which has depreciated since the time of the purchase, and which the debtor needs to find or continue employment to pay off his debts, the debtor may pay the creditor for the fair market value of the car to keep it.
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Friedland & Cahill, Jonathan P. & Christopher M. (2021). Commercial
Bankruptcy Litigation. Toronto, Ontario, Canada: Thomson Reuters. pp. §1:11.
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Under certain circumstances, the debtor in possession may be able to keep the property by paying the creditor the fair market value, as opposed to the
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152:Chief restructuring officer
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129:Aspects of bankruptcy law
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459:United States law stubs
290:Bankruptcy alternatives
275:Distressed securities
260:Seniority (financial)
344:. Cornell Law School
207:debtor in possession
219:bankruptcy petition
265:Bail out (finance)
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229:or similar
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348:19 October
322:19 October
280:Insolvency
162:Means test
121:Chapter 15
116:Chapter 13
111:Chapter 12
106:Chapter 11
142:Discharge
101:Chapter 9
96:Chapter 7
50:Authority
249:See also
242:contract
223:creditor
88:Chapters
55:History
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225:has a
312:(PDF)
296:Notes
157:Claim
65:Court
405:stub
364:ISBN
350:2017
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227:lien
80:FRBP
75:Code
213:in
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