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Documents Why secured claims matter Because they get paid first!! Out of the value of their “collateral”

Slide 1 Slide 2 Why secured claims matter Because they get paid first!! Out of the value of their “collateral” Slide 3 Problem 6.1 Assets: $80K home / subject to 2 mortgages…

Economy & Finance Liens: Redemption and Reaffirmation

1. Chapter 7: Liens Redemption and Reaffirmation 2. Debtor’s Options 3. U.S.C. 722 – Redemption • 11 USC § 722 “An individual debtor may… redeem tangible personal…

Documents Class 5 Bankruptcy, Spring, 2000 Secured Claims Randal C. Picker Leffmann Professor of Commercial...

Class 5 Bankruptcy, Spring, 2000 Secured Claims Randal C. Picker Leffmann Professor of Commercial Law The Law School The University of Chicago 773.702.0864/[email protected]

Documents Secured Transactions Assignment 7

* Secured Transactions Assignment 7 Treatment of Secured Creditors in Bankruptcy * The Big Picture Chapter 1. Creditorsâ Remedies Under State Law Chapter 2. Creditorsâ…