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Bankruptcy courts divided on whether Chapter 13 plan extends time for redemption

By Jeremy Retherford on July 14, 2016
Posted in Bankruptcy, Mortgage Rules

Bankruptcy courts are currently divided on whether a debtor has a right to redeem property sold at a tax sale after the redemption period has run. The time for redemption depends on the law of the state where the property is located.  In Alabama, for example, the statutory redemption period is three (3) years. Usually,…

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Balch & Bingham LLP is a corporate law firm recognized nationally for its deep experience and counsel in regulated industries including energy, financial services and healthcare, and its highly regarded practices in business, environmental, government relations, labor and employment and litigation. The firm includes more than 200 attorneys in offices across the Southeast and Washington, D.C., who are known for a collaborative, multidisciplinary approach. Since its founding in 1922, Balch & Bingham’s commitment to an uncommon, efficient client experience has remained at the core of its mission.

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