Examples of Surrender Notice in a sentence
The holder of a security interest must make reasonable efforts to take possession of the surrendered property before the expiration of 28 days following (i) the confirmation of a plan that provides for the surrender or collateral under paragraph 7 of a confirmed plan; or (ii) the filing of a Surrender Notice under paragraph 20 of a confirmed plan.
If a timely objection is filed, the Trustee will schedule the Surrender Notice for hearing on the next available Chapter 13 panel date.
The Surrender Notice will be effective upon the expiration of 21 days from the date that it is filed; provided, if an objection to the Surrender Notice is filed within the 21-day period, the Surrender Notice will become effective only upon entry of a Court order approving the Surrender Notice (the “Effective Date”).
If payments on debt secured by the surrendered property were made through the Trustee, a Debtor(s)’ Proposed Notice of Plan Payment Adjustment, in the form set forth on the Court’s website, must be filed as an exhibit to the Surrender Notice.
You may give us a written notice that you wish to surrender Your Unit ( Surrender Notice) within the 12 month notice period of Our Redevelopment Notice.