Reaffirming your car loan during bankruptcy can be a strategic choice to keep your vehicle and maintain financial stability. This process involves committing to continue paying your car loan under its existing terms despite the bankruptcy discharge. Below, we explore the intricacies of reaffirmation, including its benefits, risks, and practical steps. What is Reaffirmation? 1. […]

Reaffirmation of a vehicle loan during a Chapter 7 bankruptcy case involves a formal agreement between you and the lender, stating that you’ll continue to be liable for the debt after the bankruptcy discharge, and you’ll keep the vehicle. Here’s a general process: Reaffirmation of Vehicle Loan in Chapter 7 Bankruptcy: A Step-by-Step Guide Consultation […]