Do you own a car and are filing for Chapter 7 bankruptcy in Arizona? There are a number of options you have for keeping your car after filing for bankruptcy, one of which is signing a reaffirmation agreement.
If you have questions about reaffirmation agreements or any other bankruptcy topic, the attorneys at the Arizona Law Group of Trezza & Associates, LLC, are here for you.
To discuss your specific circumstances with Arizona bankruptcy attorney Stephen Trezza, contact us to schedule a consultation.
What Is a Reaffirmation Agreement?
A reaffirmation agreement is essentially a document you sign that causes a car loan to survive a bankruptcy. In other words, by signing a reaffirmation agreement, you keep the car and are still on the hook for the car payments.
Whether or not to sign a reaffirmation agreement is a decision that should be carefully considered. One disadvantage of signing is that if you should become unable to make payments on the vehicle, the lender may repossess the vehicle as well as sue you for balance if the vehicle is sold for less than the amount you owe.
Our attorneys have handled numerous bankruptcy cases for clients from Phoenix, Tucson and throughout Arizona. We can inform you of your rights and obligations in regard to reaffirmation agreements so you can make sound decisions about your financial future.
Contact Us to Learn More About Reaffirmation Agreements in Arizona
Every case is different, so it is important to discuss your situation with a Phoenix reaffirmation agreement lawyer before making a decision. Contact us to discuss your options. We represent clients from Phoenix, Tucson and throughout Arizona.
