I have seen clients that owe $12,000 or more on a timeshare. They are usually better off letter the unit go back to the developer or the HOA and buying a much cheaper timeshare after their bankruptcy or even renting a timeshare from a website such as Redweek.com.
If you are in Southern California and would like a free consultation regarding you debt problems or want information on how to get rid of your timeshare, please call me now at (619) 448-2129.
About the Author: Carl H. Starrett II has been a licensed attorney since 1993 and is a member in good standing with the California State Bar, the San Diego County Bar Association and the National Association of Consumer Bankruptcy Attorneys. Mr. Starrett practices in the areas of bankruptcy, business litigation, construction, corporate planning and debt collection.