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: Vehicles
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 ...
Getting a Car After Bankruptcy
Even when it's painfully obvious that they need to file bankruptcy, lots of my clients hesitate to file because they are absolutely scared to death about their car. Some worry that they will lose their car if they file bankruptcy (you won't lose it). An even greater number of my clients worry that they'll never ever ...
What Happens to My Car if I File Bankruptcy?
There are several issues to consider in answering this question. The most important issue is the value of your car. In most cases, you can protect your car using the allowable bankruptcy code exemptions. An exemption allows you to file for bankruptcy relief and protect some of your property. The bankruptcy courts understand you ...