BankruptcyLawNetwork

If you’re a bankruptcy lawyer, would you like to master the essential skills every bankruptcy attorney must have … all by Labor Day? Most outsiders think the practice of consumer bankruptcy law is nothing more than filling in a bunch of forms and collecting a fee from a client. But now that you’ve been doing [...]

To sign or not to sign a reaffirmation agreement is always a question in a Chapter 7 Bankruptcy when there are secured debts. Bankruptcy Law Network is presenting information regarding the reaffirmations and what you should consider before signing one.  You can click here to review all articles regarding the subject of reaffirmations.  If you [...]

Let’s say you file chapter 7 bankruptcy, and you want to keep paying your vehicle loan and thereby keep your vehicle.  The bank sends your bankruptcy lawyer a “reaffirmation agreement,” which is a pre-printed official form issued by the bankruptcy courts.  It states that you are continuing to pay the monthly payments on your car loan, and [...]

This week’s Forbes magazine contains an editorial by tax lawyer Steven J. Dunn entitled “Consumer Bankruptcies do More Harm than Good.”   Mr. Dunn acknowledges that he is not a bankruptcy lawyer (although he knows a few bankruptcy lawyers – including his son, who once represented a bank in a lawsuit against the president of a [...]

So, you’re in a Chapter 7 bankruptcy and you want to know whether you should reaffirm your car loan.  A reaffirmation agreement basically takes a secured loan, like a car loan, outside the effect of your bankruptcy discharge.  As to that one debt, it’s like you never filed bankruptcy.  You filed Chapter 7 bankruptcy in [...]