Secured Property

[MGREY]

In 2002, I filed for CH 13 and have since been discharged. I still have pocession of a secured property (small boat) which was not a part of the payment plan. I have not made a payment on it since early 2002. I get monthly statements for payment but have not replied. In 2002, I asked for the debtor to take back the property but I was told they could not. Can they still collect on the debt? Does the statue of limitations apply to this?

 

[Michael Wechsler]

I don't know the specifics. The bottom line is that the boat probably doesn't just belong to you and I'm sure that it has been used as security for your loan. What do you mean "take back the property" - did you want the debtor to take it back in lieu of your entire debt?