BankruptcyLawNetwork

If you have been reading Bankruptcy Law Network recently, you would have seen various articles about reaffirmations.  What they are, what they do, under what circumstances you should reaffirm a debt or mortgage and when you should not.  There are even some courts that say you must reaffirm a car loan in bankruptcy.  But there [...]

When you file Chapter 7 bankruptcy, one option you have is to reaffirm your mortgage.  Do you have to reaffirm in order to refinance later?  Of course not, but your lender may try to tell you otherwise. Other articles here discuss the actual process of reaffirming a debt.  And the pros and cons of doing [...]

The L.A. Dodgers baseball franchise filed for bankruptcy protection today. After a search, I think this is the only place on the “free internet” that the Los Angeles Dodgers’ Bankruptcy Petition can be viewed in its entirety. The list of largest creditors is interesting because it includes many of the Dodger players, including former Red [...]

Bankruptcy is about providing relief to folks who can’t really afford their debts anymore.  But we often hear from folks who have heard that Chapter 13 can’t help because they won’t have any money left over to live on.  Like many rumors, this one is usually not true. Bankruptcy is one of the most common [...]

My colleague, Kurt O’Keefe, of Michigan, recently wrote regarding the difference between reaffirming a lease and reaffirming a secured loan on a vehicle.  He stated throughout his article that a lease was a different type of animal – neither secured or unsecured and a lease can be assumed or rejected.   His final point was that [...]