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Tag: : reaffirmation

What Does It Mean To Reaffirm A Debt?

March 28, 2014
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| Bankruptcy Filing

If you file a Chapter 7 and you have a secured debt, often times a car note or a mortgage, you will be asked by the creditor to reaffirm that debt. What does that mean?  When a Chapter 7 debtor reaffirms a debt they agree to continue paying that obligation even after their bankruptcy case […]

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What Does It Mean To Get A Discharge?

November 2, 2013
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| Bankruptcy Filing

           If you have spoken to anyone before about bankruptcy, they probably told you that they received a “discharge” of their debts.  I have noticed when I am meeting with clients for the first time and I let them know they are eligible for a discharge, often I get a look […]

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Reaffirmation Agreements and Bankruptcy

August 16, 2012
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| Bankruptcy Filing

There are a number of reasons people file for a Chapter 7 Bankruptcy. Most commonly, the debtor is unable to repay their debt and would like a fresh start. The goal in a chapter 7 is to obtain a discharge of debts. However, for certain types of debts, the bankruptcy code does allow the debtor […]

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