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Posts from May 2018

What Is Reaffirmation of Debts in Chapter 7?


During a Chapter 7 bankruptcy case, you may have the choice of keeping an asset that you owe money on, such as a car. If you can afford to keep making the payments and want to keep this asset, your lawyer will recommend signing a reaffirmation agreement. Here are several things you should know about reaffirmation of debt in a Chapter 7 case.

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