reaffirmation agreement Archives - Chicago Bankruptcy Lawyer

Should I reaffirm a debt in bankruptcy? Warning!

March 22, 2023bankruptcy, bankruptcy lawyer, car loan, chapter 7, discharge, judge, mortgage, reaffirmation, rescissionAfter bankruptcy, Bankruptcy, bankruptcy attorney, bankruptcy discharge, bankruptcy judge, bankruptcy lawyer, car loan, chapter 7, Chapter 7 bankruptcy, chicago bankruptcy, reaffirmation agreement, repossession, rescission of reaffirmation, security interestTerrance Leeders

Tring to decide if you should reaffirm a debt in bankruptcy? Local Bankruptcy Lawyer weighs in with some pro’s and cons.

cosigner and vehicle payments in bankruptcy

January 28, 2009cosigner liability, reaffirmation agreementTerrance Leeders

There is often some confusion with cosigned vehicles and a bankruptcy filing.One questioner asked me : "my ex if filing for bankruptcy and he is the co signer on my car and he wants to add that in to the bankruptcy. will they repo my car or how...

reaffirmations & rescissions in Chapter 7 bankruptcy

December 12, 2008reaffirmation agreement, rescission of reaffirmationTerrance Leeders

Question: During my BK, I reaffirmed an auto loan. However, I was told by my lawyer that I could change my mind and surrender the vehicle as long as it was done before the discharge took place. My question is, I filed the paperwork to surrender...

Bankruptcy Exemptions for retirement accounts in IL, reaffirming car lease and home

May 22, 2008bankruptcy exemptions, car lease, reaffirmation agreementTerrance Leeders

Subject:	assets in bk
Question:	are both 401K's and IRA's exempt from chpt 7...

Reaffirming a mortgage

April 15, 2008reaffirmation agreementTerrance Leeders

A popular question I get is regarding being on the hook for a mortgage after bankruptcy.Here is a recent question I received:Question: I filed Chapter 7 Bankruptcy last year and managed to hold on to my home. I checked a box in the bankruptcy...

Must I list all of my debts in bankruptcy?

March 27, 2007amendment, bankruptcy fraud, bapcpa, chapter 7, reaffirmation agreementTerrance Leeders

Recently, I received an email asking about filing a chapter 7 bankruptcy The writer asks:

"Do I choose which debts I want to include in my bankruptcy or does the trustee do this? I have a bank loan for my truck which I pay on time and I want...