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Oklahoma
Chapter
7 Bankruptcy: Redeeming Property
What
does it mean to redeem property?
If
there is property that does not fall under an exemption and you want to
retain the property and pay the trustee the amount that they would have
received at auction you have that option. The trustee will simply use
the money that you pay for the property to pay toward your other
creditors rather than selling the property.
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