Legal Question in Bankruptcy in Ohio
bankrupcy
if you file chapter 7, can you keep loans on certain things as well as being discharged from other? Also what is a right to redeem property all about?
Asked on 8/10/07, 12:15 pm
1 Answer from Attorneys
Frank Rozanc
Frank J. Rozanc, Esq.
Re: bankrupcy
You may reaffirm any debts that you wish in the bankruptcy, provided such reaffirmations do not work as a hardship on the debtor. A debtor may redeem property by paying to the trustee either in a lump sum or in payments the fair market or agreed value of an item of property in the estate.
Answered on 8/11/07, 10:32 pm
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