Chapter 7 Bankruptcy Redemption

NC Bankruptcy Lawyer in Charlotte North Carolina for Chapter 7 / Chapter 13

In Chapter 7, you have the right to redeem property, which is keep property that is secured by a lien by a creditor, but by paying what the property is worth, not necessarily the full value of the loan balance.  This may be a good deal, especially for a loan such as a car loan where you rolled over the balance from another car and you owe much more on the car than it is worth.  If you can come up with the amount the car is worth, you can 'buy' your own car for a fair price.  There are ways to do this and most lawyers know companies that may be willing to finance these deals for you.  Discuss this with your lawyer. 

1701 Scott Avenue Charlotte North Carolina 28203
phone: 704 / 377-0776
fax: 704 / 377-0775

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The Law Office of Susanne M. Robicsek is
a Federally Designated Debt Relief Agency
under the Bankruptcy Code.
I file bankruptcy cases for people in financial need,
and have been doing so since 1989.

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Charlotte NC Bankruptcy Lawyer Concentrating In Consumer Bankruptcy Since 1988
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