redemption Archives

If your vehicle is worth less than its debt, and you can get the money representing that value, you can "redeem" the vehicle free and clear.

If your vehicle is worth less than you owe on it, under Chapter 7 you can keep it by "redeeming" it--paying its present value in full.

You may be able to keep your vehicle for less money by "redeeming" itâpaying its present fair market value instead of the full debt.

Here are more features of Chapter 7 worth knowing and taking advantage of.

Bankruptcy pays a lot of attention to and can help you deal with your secured debts in many favorable ways.

Both the Chapter 7 and Chapter 13 types of bankruptcy give you excellent ways to either keep andâif you wantâsafely let go of your vehicle.

Both the Chapter 7 and Chapter 13 types of bankruptcy give you excellent ways to either keep andâif you wantâsafely let go of your vehicle.

Have your attorney first make sure that your creditor has a right to the collateral. If so, arrange to pay for the right to keep it.