FEDERAL · 11 U.S.C.
Rule 6008. Redeeming Property from a Lien or a Sale to Enforce a Lien
11 U.S.C. § Rule 6008. Redeeming Property from a Lie
Title11 — Bankruptcy
PartVI
This text of 11 U.S.C. § Rule 6008. Redeeming Property from a Lie (Rule 6008. Redeeming Property from a Lien or a Sale to Enforce a Lien) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
11 U.S.C. § Rule 6008. Redeeming Property from a Lie.
Text
On motion by the debtor, trustee, or debtor in possession and after a hearing on notice as the court may order, the court may authorize property to be redeemed from a lien or from a sale to enforce a lien under applicable law.
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History
(As amended Apr. 2, 2024, eff. Dec. 1, 2024.)
Editorial Notes
Notes of Advisory Committee on Rules—1983
This rule is derived from former Bankruptcy Rule 609. No provision in the Code addresses the trustee's right of redemption. Ordinarily the secured creditor should be given notice of the trustee's motion so that any objection may be raised to the proposed redemption.
The rule applies also to a debtor exercising a right of redemption pursuant to §722. A proceeding under that section is governed by Rule 9014.
Committee Notes on Rules—2024 Amendment
The language of Rule 6008 has been amended as part of the general restyling of the Bankruptcy Rules to make them more easily understood and to make style and terminology consistent throughout the rules. These changes are intended to be stylistic only.
This rule is derived from former Bankruptcy Rule 609. No provision in the Code addresses the trustee's right of redemption. Ordinarily the secured creditor should be given notice of the trustee's motion so that any objection may be raised to the proposed redemption.
The rule applies also to a debtor exercising a right of redemption pursuant to §722. A proceeding under that section is governed by Rule 9014.
Committee Notes on Rules—2024 Amendment
The language of Rule 6008 has been amended as part of the general restyling of the Bankruptcy Rules to make them more easily understood and to make style and terminology consistent throughout the rules. These changes are intended to be stylistic only.
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Bluebook (online)
11 U.S.C. § Rule 6008. Redeeming Property from a Lie, Counsel Stack Legal Research, https://law.counselstack.com/usc/11/Rule 6008. Redeeming Property from a Lie.