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Hi and welcome to JA. Ray here to help you today.Please bear with me a few moments while I review your question and respond.
Contact the timeshare and ask about a deed in lieu.In that situation they accept the timeshare back and no deficiency suit or judgment.This is the best you can do here.If they will not accept that they cn seek to foreclose and seek a judgment if you owe money on it.I would tell them you are teetering on Chapter 7 and you would like to resolve it prior to filing and deed in lieu.Maybe they agree to do so.They would provide you with the Deed in Lieu and instructions about signing and returning.This would ding your credit a bit but the best outcome you can get.I hope they will agree here it is worth a try.Emphasize your dire situation and threat of Chapter 7.
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