I can’t support it with Dallas bankruptcy court case cites or bankruptcy code sections, but it seems to me that the nature of timeshares is you do not own a particular piece of Texas real estate, you just own the right to occupy a property somewhere, and you pay for it like a lease. You never receive a deed to property. In most cases, timeshares are in fact a deeded interest in real property. You pay annual maintenance just like you would in a Texas condo association. Some timeshares are on a points system and I would put those on Schedule B. It’s a permanent thing, not like a lease that expires on most cases. DVC is a bit if a hybrid because you receive a deed you get points and the ownership interest expires after 40+ years. Instructions to Bankruptcy Sch G state that timeshares should be listed there.
Related posts: