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Bankruptcy

: The Debt Podcast

722 Redemption: Saving Thousands on Secured Assets.

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11 USC 722 of the Bankruptcy Code codifies the power to redeem secured assets.  In layman?s terms, this means you can make a lump sum payment and pay off the entire balance for the fair market value of the asset.   Typically, this option is not always available for someone that just claimed bankruptcy.  Afterall, who has [...]

Full post as published by The Debt Podcast on April 07, 2008 (boomark / email).

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