Reclaiming Your Property in Bankruptcy
Reaffirmation agreements are a key part of the bankruptcy process for people who wish to keep certain property after a bankruptcy, such as a home, a car or a boat. By signing a reaffirmation agreement, you commit yourself to continue repaying debt on the property under agreed-upon terms, just as you had when you first made the purchase. Therefore, it is very important to carefully consider whether it is in your best interest to sign a reaffirmation agreement. We can help you to make the best decision for your situation.
At the Price Law Firm, we represent clients throughout central Florida in all types of consumer bankruptcy matters, including Chapter 7, Chapter 13 and foreclosures. We understand how overwhelming it can be to keep up with all of the requirements and legal issues involved with the bankruptcy process. We will be there with you at every step and see your case through to its conclusion.
Understanding How Reaffirmation Agreements Work
A reaffirmation agreement creates the new terms under which you will keep the property and your obligations for repayment. The signing of these agreements is critical. If you don’t sign a reaffirmation agreement, the court assumes you don’t plan to keep it, and the property can be taken even if you are current on the payments.
When you hire our firm, your lawyer will take the time to understand which property you want to keep after bankruptcy and work to develop a debt relief solution that helps you reach your goals. We will make sure that all of the necessary reaffirmation agreements are in order and that you understand your obligations by signing them.
To learn more about reaffirmation agreements, contact the Price Law Firm. From our offices in Altamonte Springs in the Orlando-Kissimmee metro area, we represent clients throughout central Florida. To schedule a free consultation with an attorney, call 407-834-0090.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.