When you file for bankruptcy, one way to keep property is to reaffirm the debt. A reaffirmation agreement is required, and it is essentially a new contract for the debt. Most lenders want you to reaffirm, because it means the loan is still due even after the bankruptcy case is
When you file for the protection of bankruptcy there are many decisions to be made. First, you will need to decide which type of bankruptcy protection to seek; a Chapter 7 or a Chapter 13. This decision is best made with the guidance of an experienced debt management and resolution
A common misconception about filing for bankruptcy is that you can eliminate your debt while keeping your assets. This is simply not the way bankruptcy works. The benefit of bankruptcy is to eliminate burdensome debt and give the debtor a fresh financial start. This may require that you return some