Most bankruptcy clients who have a timeshare do not have the money to go and use the timeshare. But with that said the way I have balance this in the past is remove recreation budget and use the timeshare as the recreation and bump up the Plan payment a wee bit. Again the balancing is based on the amount of the payment. Recreation for me is $100 a month so if the timeshare payment is 100 or less than it equals out but anything above that I try and strike a balance. if the plan payment is high enough, the trustee will let it go. If not, the trustee will object. I had a client with a time share who agreed to not use it during the term of the plan. The trustee still objected saying that the couple had to make some payments to use or maintain the time share. We gave up and surrendered the money pit.
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