§ 9.7.4 Personal Property.
In cases where the debtor is an individual, Bankruptcy Code § 521(a)(2) requires a chapter 7 debtor to state debtor’s intention as to whether property subject to a security interest will be surrendered, redeemed, or reaffirmed. Failure to timely file the required statement or to take the indicated action results in termination of the stay so that the property is no longer property of the estate. 11 U.S.C. § 362(h) ; In re Blixseth, 684 F.3d 865 (9th Cir. 2012) (all personal...
