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When Do You File a Reaffirmation Agreement in Chapter 7 Bankruptcy

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  • 10-19-2016, 12:01 PM
    lawfacts
    When Do You File a Reaffirmation Agreement in Chapter 7 Bankruptcy
    If you want to reaffirm your car loan during Chapter 7 bankruptcy, when do you file for reaffirmation?
  • 11-20-2016, 08:02 AM
    Mr. Knowitall
    Re: When Do You Reaffirm a Car Loan in Chapter 7 Bankruptcy
    A reaffirmation agreement must be filed no later than 60 days after the first date set for the meeting of creditors under Sec. 341(a) of the Bankruptcy Code.

    Before reaffirming a car loan, you should discuss your other options with your bankruptcy lawyer. It may be possible to keep the car by voluntarily making payments, even if you don't reaffirm..
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