There is a lot of information about reaffirmation agreements floating around out there. When a creditor in your case sends me a reaffirmation agreement, I'm going to send it to you with a cover letter and this memo describing the process of reaffirmation. INFORMATION ABOUT REAFFIRMATION AGREEMENTS When a creditor has a lien on ...
Category Archives: Reaffirmation Agreements
We Received a Reaffirmation Agreement
Here is the letter you will receive from me if a lender sends me a proposed reaffirmation agreement in your bankruptcy case. It discusses the issue of "should I sign a reaffirmation agreement in my bankruptcy case?" I'm happy to show you a copy of the letter now, because I think it may help clarify ...
Reaffirmation Agreements
1. What is a Reaffirmation Agreement? When you file a Chapter 7 bankruptcy, some or all of your debts are discharged and you are no longer legally responsible for paying them back. This gives you a "fresh start." A reaffirmation agreement is where you agree to pay a debt even though you could have eliminated the debt ...