Top 3 Reasons Not To Reaffirm a Mortgage in Bankruptcy

Bankruptcy debtors should not reaffirm a mortgage.  Reaffirmation of debt in bankruptcy prevents the debt from being discharged, a process explained in greater detail by Kevin Gipson in Chapter 7 Bankruptcy and the Reaffirmation Agreement.  Yet, lawyers continue to debate whether to reaffirm a mortgage, without compelling argument on the affirmative side, even though state [...]