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dylatess, Attorney
Category: Bankruptcy Law
Satisfied Customers: 5156
Experience:  37 plus years of experience specializing in bankruptcy law
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In a Chapter 7 Bankruptcy, if a debtor chooses to redeem an

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In a Chapter 7 Bankruptcy, if a debtor chooses to redeem an auto, what is the basic process? I have read that the paperwork must be done within 45 days of the 341 meeting. I have communicated to my attorney's office that I want to redeem my auto, however nothing has taken place to start the process.
Submitted: 4 years ago.
Category: Bankruptcy Law
Expert:  dylatess replied 4 years ago.
Over 34 years, I have assisted my clients with debt problems having filed more than 32000 Chapter 7 and Chapter 13 Bankruptcy petitions.
What you have read is correct. However, if you are current on your payments, and want to continue to pay the balance of the loan as due, redemption is not required.
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