Redeem your Vehicle under 722
Many options exist on your vehicle(s) once your Chapter 7 case is filed. One option is Redemption under 11 USC 722 of the Bankruptcy Code. Under 722, Doan Law Firm can file a Redemption Motion and obtain a Court Order allowing you to pay the replacement cost on the vehicle, instead of the actual balance. Such an Order could save you thousands and possibly tens of thousands of dollars on the vehicle. The only drawback is that once the Order is obtained, payment must be immediately made in full. Monthly payments are not allowed. If you do not have the full amount to redeem, there are companies that will finance the amount for you. For example, Doan Law frequently works with 722 Redemption Funding, Inc. which is the Nation’s original and premier Redemption company. For over 25 years, Doan Law has offered Chapter 7 Debtors 722 alternatives through 722 Redemption Funding, Inc.
For a free analysis on how a redemption could save you money, simply input your vehicle data using the “722 Speedy Sam” link below:
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The San Diego Bankruptcy Attorneys of the Doan Law Firm, California’s Largest Family of Attorneys, Specializing in Bankruptcy, and Non-Bankruptcy Alternatives.
At Doan Law our Bankruptcy Attorneys will answer all your Chapter 7 Bankruptcy and Chapter 13 Bankruptcy questions. Call us now to meet with one of our expert bankruptcy attorneys, at any of our San Diego Bankruptcy offices, call (760) 450-3333.