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  1. #1
    Join Date
    Oct 2010
    Posts
    1

    Default Chapter 7

    My question involves bankruptcy in the state of: MICHIGAN

    I am filing chapter 7. I just went in front of the trustee, raised my right hand..pretty much her response "good luck to you". Now I have to take some online debt class, fine. Then I apparently get discharge papers.
    I thought all was well until I get an email from my attorney. A creditor I got my T.V and entertainment center from over 2 yrs ago wants me to "reaffirm" an outragous amount. I called my attorney and said "no way", they can come pick them up!
    Really? They can do this, well...I know they can, they are BUT shouldn't my attorney negotiate a balance or something!?? Why would they want it/them back?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Chapter 7

    Presumably you purchased on store credit, meaning that they have a purchase money security interest in the property.

    You may be able to negotiate the balance if you try; I have no way of knowing if you've retained your lawyer to do that type of negotiation for you in addition to the bankruptcy itself. But from the creditor's standpoint, asking for the sky makes sense - you might say "yes".

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