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§ 722

In re Morales

Ruling
Redemption value of vehicle set at Blue Book value on date of hearing.
Procedural posture

Debtor moved for authority to redeem personal property and approval of associated financing under 11 U.S.C.S. § 722. The matter was before the court to determine the appropriate method for calculating the replacement value of a vehicle under the retail value standard of the second sentence of 11 U.S.C.S. § 506(a)(2).

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Consumer opinion summary, case decided on May 08, 2008 , LexisNexis #0608-087

In re Gonzalez

Ruling
Debtor could not redeem goods gifted to others and not listed in schedules.
Procedural posture

The United States Trustee objected to a chapter 7 debtor's filed a motion to redeem the collateral of a creditor, pursuant to 11 U.S.C. § 722.

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Consumer opinion summary, case decided on September 24, 2007 , LexisNexis #1107-054

In re Shipman

Ruling
Court denied motion to redeem debtors'principal residence since section 722 redemption did not apply to real property.
Procedural posture

Debtors filed a motion to redeem the non-exempt portion of their principal residence from the trustee pursuant to 11 U.S.C. § 722 or appropriate relief to purchase or redeem the non-exempt portion of their principal residence.

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opinion summary, case decided on April 05, 2006 , LexisNexis #0706-136

In re Lloyd

Ruling
Debtor was granted motion for redemption regarding valuation of debtor's vehicle so that the redemption value was reduced by the costs of repair to body damage to the vehicle.
Procedural posture

The chapter 7 matter was before the court on debtor's Motion for Redemption Pursuant to 11 U.S.C. § 722 and the creditor's response thereto.

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opinion summary, case decided on February 17, 2006 , LexisNexis #0506-135