What is a Reaffirmation Agreement in Bankruptcy?
Are you afraid you might lose your house or car in a bankruptcy? In this video, Buffalo Bankruptcy Lawyer Michael F. Barrett discusses reaffirmation agreements and what they mean when filing bankruptcy. If you have questions about bankruptcy, please contact our office to schedule a consultation with an experienced bankruptcy attorney.
- Sometimes, a secured creditor – such as a mortgage holder or owner of a car loan – may ask for a reaffirmation agreement.
- These simply continue your obligation for the debt after bankruptcy.
- Keeping such large items as cars and houses may require that you enter into a reaffirmation agreement.