Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Bankruptcy Law » Redeeming Property Under Section 722 of Bankruptcy Code

Redeeming Property Under Section 722 of Bankruptcy Code


Atlanta bankruptcy lawyer Jonathan Ginsberg explains why redeeming property under Section 722 of the Bankruptcy Code may be a good idea in your Chapter 7 case.

No related posts.

Written by

Filed under: Bankruptcy Law · Tags: , , , , ,

2 Responses to "Redeeming Property Under Section 722 of Bankruptcy Code"

  1. atlantabankruptcy1 says:
    @YoCortez73 – you could consider redemption as described in the video. That might make sense´╗┐ if you can significantly reduce your monthly payment.
  2. YoCortez73 says:
    We just filed ch 7 and received reaffirmation paperwork´╗┐ for furniture purchased in 2007. I want to settle outside of the courts, but the creditor won’t. They’ve agreed to accept a lesser amount, but we have to file a motion. We owed $428 prior to the bk. Current balance is $537. The reaffirmation is for $500. We would have to pay attorney fees, court filing fees, notify all of our creditors, appear in court for a hearing… all time and money consuming. Do we have any other options?

Leave a Reply

Connect with Facebook

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player