Posts Tagged ‘Chapter 7’

My Attorney Is An Idiot! I Wanted To Keep My House In My Chapter 7 Bankruptcy

Years after your bankruptcy discharge has been granted in Chapter 7, you may still be grappling with the concept of a “reaffirmation agreement” for your mortgage.  This can come up, for example, if you try to re-finance the home.  Or, if you are monitoring your credit report, like you should be, and the trade line […]

Upside Down Car Loans: Is There Hope in Chapter 7 Bankruptcy?

A recent story in the Detroit Free Press observed that nearly one out of every three car loans in the United States is “upside down.” Stated another way, the driver is paying more on the car loan than the car is even worth.  And who knows the status of the automobile industry better than the […]

What Happens If I Don’t List a Creditor in My Chapter 7 Bankruptcy?

One of the important steps in filing a Chapter 7 bankruptcy is to provide your attorney with all the information you can find about the debts that you owe. Normally this is done by giving your attorney all of the bills in your mailbox. Whether an original creditor, a debt collector or a collections attorney, […]

Reaffirmation Agreements In Bankruptcy: Should I Sign And What Happens If I Don’t?

One of the most persistent questions which arises in a Chapter 7 bankruptcy is what to with secured creditors whose debts are secured by the debtor’s property.  In such cases, the secured creditor is likely to pressure the Chapter 7 debtor into signing a “reaffirmation agreement.”