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11 U.S.C. § 722 — Redemption
Federal law — U.S. Code and appendices · legal_authorities
An individual debtor may, whether or not the debtor has waived the right to redeem under this section, redeem tangible personal property intended primarily for personal, family, or household use, from a lien securing a dischargeable consumer debt, if such property is exempted under [section 522 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section522&num=0&edition=prelim) or has been abandoned under [section 554 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section554&num=0&edition=prelim), by paying the holder of such lien the amount of the allowed secured claim of such holder that is secured by such lien in full at the time of redemption.
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Stable record: federal_law:legal_authorities:record_usc_74626e87718b46b7dc67141c
Source file: Laws/federal/codes/united-states-code/title-11/section-722-redemption--03376e7a19.md
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Passage SHA-256: bfb48992c19d6617d5c25de6cd7e52b1966cd9b2c27f1821222fca6a2d677bb5
Source location: Title 11, Chapter 7, § 722; chapter-007-liquidation.md
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An individual debtor may, whether or not the debtor has waived the right to redeem under this section, redeem tangible personal property intended primarily for personal, family, or household use, from a lien securing a dischargeable consumer debt, if such property is exempted under [section 522 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section522&num=0&edition=prelim) or has been abandoned under [section 554 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section554&num=0&edition=prelim), by paying the holder of such lien the amount of the allowed secured claim of such holder that is secured by such lien in full at the time of redemption.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** In this section—
(1) “dependent” includes spouse, whether or not actually dependent; and
(2) “value” means fair market value as of the date of the filing of the petition or, with respect to property that becomes property of the estate after such date, as of the date such property becomes property of the estate.
**(b)**
(1) Notwithstanding [section 541 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section541&num=0&edition=prelim), an individual debtor may exempt from property of the estate the property listed in either paragraph (2) or, in the alternative, paragraph (3) of this subsection. In joint cases filed under [section 302 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section302&num=0&edition=prelim) and individual cases filed under section 301 or 303 of this title by or against debtors who are husband and wife, and whose estates are ordered to be jointly administered under Rule 1015(b) of the Federal Rules of Bankruptcy Procedure, one debtor may not elect to exempt property listed in paragraph (2) and the other debtor elect to exempt property listed in paragraph (3) of this subsection. If the parties cannot agree on the alternative to be elected, they shall be deemed to elect paragraph (2), where such election is permitted under the law of the jurisdiction where the case is filed.
(2) Property listed in this paragraph is property that is specified under subsection (d), unless the State law that is applicable to the debtor under paragraph (3)(A) specifically does not so authorize.
(3) Property listed in this paragraph is—
(A) subject to subsections (o) and (p), any property that is exempt under Federal law, other than subsection (d) of this section, or State or local law th
Source: Supplied U.S. Code snapshot — release unconfirmed · 11 U.S.C. § 522
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Federal law — U.S. Code and appendices · legal_authorities
In this title the following definitions shall apply:
(1) The term “accountant” means accountant authorized under applicable law to practice public accounting, and includes professional accounting association, corporation, or partnership, if so authorized.
(2) The term “affiliate” means—
(A) entity that directly or indirectly owns, controls, or holds with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than an entity that holds such securities—
(i) in a fiduciary or agency capacity without sole discretionary power to vote such securities; or
(ii) solely to secure a debt, if such entity has not in fact exercised such power to vote;
(B) corporation 20 percent or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote, by the debtor, or by an entity that directly or indirectly owns, controls, or holds with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than an entity that holds such securities—
(i) in a fiduciary or agency capacity without sole discretionary power to vote such securities; or
(ii) solely to secure a debt, if such entity has not in fact exercised such power to vote;
(C) person whose business is operated under a lease or operating agreement by a debtor, or person substantially all of whose property is operated under an operating agreement with the debtor; or
(D) entity that operates the business or substantially all of the property of the debtor under a lease or operating agreement.
(3) The term “assisted person” means any person whose debts consist primarily of consumer debts and the value of whose nonexempt property is less than $150,000.11 See Adjustment of Dollar Amounts not
Source: Supplied U.S. Code snapshot — release unconfirmed · 11 U.S.C. § 101
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** After notice and a hearing, the trustee may abandon any property of the estate that is burdensome to the estate or that is of inconsequential value and benefit to the estate.
**(b)** On request of a party in interest and after notice and a hearing, the court may order the trustee to abandon any property of the estate that is burdensome to the estate or that is of inconsequential value and benefit to the estate.
**(c)** Unless the court orders otherwise, any property scheduled under [section 521(a)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section521/a/1&num=0&edition=prelim) not otherwise administered at the time of the closing of a case is abandoned to the debtor and administered for purposes of [section 350 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section350&num=0&edition=prelim).
**(d)** Unless the court orders otherwise, property of the estate that is not abandoned under this section and that is not administered in the case remains property of the estate.
Source: Supplied U.S. Code snapshot — release unconfirmed · 11 U.S.C. § 554
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** A discharge in a case under this title—
(1) voids any judgment at any time obtained, to the extent that such judgment is a determination of the personal liability of the debtor with respect to any debt discharged under section 727, 944, 1141, 1192, 1228, or 1328 of this title, whether or not discharge of such debt is waived;
(2) operates as an injunction against the commencement or continuation of an action, the employment of process, or an act, to collect, recover or offset any such debt as a personal liability of the debtor, whether or not discharge of such debt is waived; and
(3) operates as an injunction against the commencement or continuation of an action, the employment of process, or an act, to collect or recover from, or offset against, property of the debtor of the kind specified in [section 541(a)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section541/a/2&num=0&edition=prelim) that is acquired after the commencement of the case, on account of any allowable community claim, except a community claim that is excepted from discharge under section 523, 1192, 1228(a)(1), or 1328(a)(1), or that would be so excepted, determined in accordance with the provisions of sections 523(c) and 523(d) of this title, in a case concerning the debtor’s spouse commenced on the date of the filing of the petition in the case concerning the debtor, whether or not discharge of the debt based on such community claim is waived.
**(b)** Subsection (a)(3) of this section does not apply if—
(1)
(A) the debtor’s spouse is a debtor in a case under this title, or a bankrupt or a debtor in a case under the Bankruptcy Act, commenced within six years of the date of the filing of the petition in the case concerning the debtor; and
(B) t
Source: Supplied U.S. Code snapshot — release unconfirmed · 11 U.S.C. § 524
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Federal law — U.S. Code and appendices · legal_authorities
Page 199
TITLE 11—BANKRUPTCY
§ 722
United States pursuant to section 104 of this title as
follows:
By notice dated Jan. 31, 2022, 87 F.R. 6625, effective
Apr. 1, 2022, in subsec. (b)(2)(A)(i)(I), dollar amount
‘‘8,175’’
was
adjusted
to
‘‘9,075’’;
in
subsec.
(b)(2)(A)(i)(II), dollar amount ‘‘13,650’’ was adjusted to
‘‘15,150’’; in subsec. (b)(2)(A)(ii)(IV), dollar amount
‘‘2,050’’
was
adjusted
to
‘‘2,275’’;
in
subsec.
(b)(2)(B)(iv)(I), dollar amount ‘‘8,175’’ was adjusted to
‘‘9,075’’; in subsec. (b)(2)(B)(iv)(II), dollar amount
‘‘13,650’’ was adjusted to ‘‘15,150’’; in subsec. (b)(5)(B),
dollar amount ‘‘1,375’’ was adjusted to ‘‘1,525’’; in sub-
sec. (b)(6)(C), dollar amount ‘‘750’’ was adjusted to
‘‘825’’; and, in subsec. (b)(7)(A)(iii), dollar amount ‘‘750’’
was adjusted to ‘‘825’’. See notice of the Judicial Con-
ference of the United States set out as a note under
section 104 of this title.
By notice dated Feb. 5, 2019, 84 F.R. 3488, effective
Apr. 1, 2019, in subsec. (b)(2)(A)(i)(I), dollar amount
‘‘7,700’’
was
adjusted
to
‘‘8,175’’;
in
subsec.
(b)(2)(A)(i)(II), dollar amount ‘‘12,850’’ was adjusted to
‘‘13,650’’; in subsec. (b)(2)(A)(ii)(IV), dollar amount
‘‘1,925’’
was
adjusted
to
‘‘2,050’’;
in
subsec.
(b)(2)(B)(iv)(I), dollar amount ‘‘7,700’’ was adjusted to
‘‘8,175’’; in subsec. (b)(2)(B)(iv)(II), dollar amount
‘‘12,850’’ was adjusted to ‘‘13,650’’; in subsec. (b)(5)(B),
dollar amount ‘‘1,300’’ was adjusted to ‘‘1,375’’; in sub-
sec. (b)(6)(C), dollar amount ‘‘700’’ was adjusted to
‘‘750’’; and, in subsec. (b)(7)(A)(iii), dollar amount ‘‘700’’
was adjusted to ‘‘750’’.
By notice dated Feb. 16, 2016, 81 F.R. 8748, effective
Apr. 1, 2016, in subsec. (b)(2)(A)(i)(I), dollar amount
‘‘7,475’’
was
adjusted
to
‘‘
Source: Supplied 2024 U.S. Code historical extraction · 11 U.S.C. § 722
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.