redemption

What is “Redemption” in Chapter 7 Bankruptcy?

January 23, 2012 by Brian Hemphill

Brian Hemphill Last updated: October 23rd, 2020 Redemption is a tool available only in a Chapter 7 Bankruptcy. It allows you to pay off a loan by paying an amount equal to the value of the loan collateral. However, redemption may not be an option for all Chapter 7 debtors because it requires you to pay off... [Read More]

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