Vehicle Repossessions & Bankruptcy
Oftentimes, potential bankruptcy filers are justifiably concerned that they will lose their car if they file bankruptcy. JCH Law Firm offers information related to keeping your vehicle before, during, and after a bankruptcy case.
A reaffirmation agreement is an agreement between a debtor and a creditor that the debtor will pay a debt incurred prior to the bankruptcy filiing because such debt is otherwise dischargeable in bankruptcy. Why would a debtor agree to that? In dealing with secured claims (where a creditor holds a security interest in something you own), imagine you own a car that you use for your everyday...Read More