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Debt Reaffirmation

Posted By Majed on May 23, 2011 6:40am PDT

The purpose of filing Chapter 7 is to discharge debts owed to creditors.  However, in some cases a debtor may want to reaffirm, or choose to again take on legal liability, a debt in a secured interest of something the debtor wants to keep.   Common debts that are reaffirmed are auto loans and home mortgage loans.

Debt reaffirmation may be a good option for you, depending on your individual circumstances.  When making the touch decisions it is important to have fair, experienced counsel on your side, like the attorneys at the Fears | Nachawati Law Firm.
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