reaffirmation agreement

Chapter 7 bankruptcy requires you to tell the court what you intend to do with property that has a loan as security. The most common are mortgages and car loans. Home or apartment leases and car leases also fit into this category, as well as others. When you file for Chapter 7 bankruptcy in Florida and want to keep your car or home, you may be able reaffirm the debt. This means you are signing [...]