Tag Archives: bankruptcy exemption
What is the Right of Redemption in Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is called liquidation because some of the debtor’s property is converted to cash to pay back creditors. However, property that is subject to secured loans is treated differently. The asset can be repossessed by the lender when the debt is discharged. But Chapter 7 filers may have secured personal property that they […]
