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Bankruptcy Law
When you reaffirm a debt, you sign a contract to continue making payments to the lender. Think of this contract as taking your vehicle loan or mortgage totally out of the bankruptcy. This means that if you ever stopped making payments on the debt, the len...
Author: KhLawoffices
The Pros and Cons of Reaffirming a Debt in Bankruptcy
23rd June 2010When you reaffirm a debt, you sign a contract to continue making payments to the lender. Think of this contract as taking your vehicle loan or mortgage totally out of the bankruptcy. This means that if you ever stopped making payments on the debt, the len...
Author: KhLawoffices