722 Redemption. Redeem or Replace! In a Chapter 7 and 13 Bankruptcy, you have rights! Replace your car today, with late model, low mileage vehicle! Apply Today!

Our Redemption Program allows you to keep your car by paying fair market value to the creditor, not the amount you actually owe. Working with you, your attorney and your creditor, our Redemption Program allows you to take advantage of a better choice. Fill out an application online, or call (888) 721-2800.

2021年3月4日 · The simplest way to put it is that 722 redemption allows a person to keep a vehicle by paying the value of a vehicle, rather than the balance on the loan. For instance, if a car is worth $10,000, but if the balance on the loan is $25,000, 722 redemption would allow for the debtor to “buy back” the car from the lender for $10,000, and the ...

outstanding balance. The idea is that if the bankruptcy trustee liquidated your car, your lender would only be entitled to what they could sell it for at auction: the car's market value (which is often much less than a vehicle's retail value). So, why is a redemption often referred to as a 722 or a 722 Redemption?

Our Wholesale Replacement Program helps your clients replace their current vehicle with a late-model, low mileage car. As always, there is no cost or obligation.

The 722 redemption process is an excellent option that enables you to decrease the amount of money that you owe on your car. During a Chapter 7 bankruptcy, you can undergo a 722 redemption process, which enables you to decrease the balance of your car loan to the current market value of the car or vehicle. This is a great opportunity, since ...

Redeeming your car in bankruptcy allows you to pay your vehicle’s retail value instead of the full balance you owe on your loan. The Bankruptcy Code provides several options to help bankruptcy debtors keep and pay for their vehicles, and possibly anything else necessary to maintaining your livelihood. Redemption is one of these options.

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.

Whether you filed a Chapter 7, or a Chapter 13, you are able to take advantage of our replacement program. We will help you find another vehicle prior to surrendering your current one. This will give you a true fresh start. RESCUING UNDERWATER CLIENTS SINCE 1994!

2025年1月30日 · The idea is that if the bankruptcy trustee liquidated your car, your lender would only be entitled to what they could sell it for at auction — the car's market value. Bankruptcy redemption is sometimes called 722 redemption because it’s created by Section 722 of the Bankruptcy Code. Benefits of Redeeming Your Car in Bankruptcy