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Redemption Defined (Immigration & Legal Terms)
This is a glossary of legal & immigration related terms provided by Crossings Immigration Lawyers for convenience purposes only. Nothing in this glossary or on this site should be taken as legal advice. You should contact us directly for a free consultation with an immigration lawyer.
Redemption
A procedure in a Chapter 7 case whereby a debtor removes a secured creditor's lien on collateral by paying the creditor the value of the property. The debtor may then retain the property.
Synonyms for Redemption:
There are currently no synonyms for Redemption in our database. If you would like to suggest some, let us know.
See Also These Terms for "Redemption":
There are currently no "see also" terms for Redemption in our database. If you would like to suggest some, let us know.
Whereever possible, the definitions provided on this page for Redemption are gleened from governmental sources with little modifications. In so doing, we hope to ensure the accuracy of the definition of Redemption; however, if you find errors, omissions, or would like to suggest changes to this information, please send an email to Crossings Immigration Law Webmaster. Thank you.
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