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  1. #1
    Join Date
    May 2016
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    Default Can You Reaffirm a Loan on a UTV in Bankruptcy

    My question involves bankruptcy in the state of: Georgia

    My mom is planning on filing Chapter 7 in a couple of months. She got a 2014 Honda 700 Pioneer UTV financed in her name for my husband and I in 2014. We have been making payments on it. She has never paid any money towards it. She only has unsecured debt that she is filing on Chapter 7. I was wondering will the trustee let you reaffirm the debt on the UTV so it doesn't get taken once she files bankruptcy?

  2. #2
    Join Date
    Sep 2005
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    98,846

    Default Re: Can You Reaffirm a Loan on a UTV in Bankruptcy

    If she is current on her payments, there is not likely to be any impediment to reaffirmation. She should discuss her options with her bankruptcy lawyer.

  3. #3
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Can You Reaffirm a Loan on a UTV in Bankruptcy

    But if there is equity they could also require it be sold and the equity be used to pay other debts.

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