Bankruptcy issues, articles and thoughts by attorney Mark J. Markus
You filed for Chapter 7 bankruptcy and had a balance due to the lender. Faced with what seemed to be certain repossession, you agreed to sign a reaffirmation agreement. All set, right? Not necessarily. There’s a moment in time when you reach a point of desperation. You need that car to get to work each [...]
Much has been written already about reaffirmation agreements and this blog will not cover any new ground, but will provide a quick explanation for potential bankruptcy clients. A reaffirmation agreement is a contract entered into during the pendency of (usually) a Chapter 7 bankruptcy case which stops the particular debt from being discharged. In other [...]
Whether you can discharge (bankrupt) specific debts and keep others is a question that over the years I get asked repeatedly. Actually, strangely enough, clients don’t ask it as a question. They state it as if it were completely possible. “I want to get rid of my large debts and keep the small ones”. After [...]
