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REAFFIRMATION AGREEMENT UNITED STATES Form

REAFFIRMATION AGREEMENT UNITED STATES Form

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hi what's Scott from life back Law Firm today we're going to talk about do I need to sign a reaffirmation agreement to keep my car if I file Chapter 7 bankruptcy in St Paul Minnesota this is a good blog by Dr Tim Tonga um because the question is will a bank require me to sign a reaffirmation agreement where I give my liability back on the vehicle in order for me to keep the vehicle and I will tell you in the vast majority of situations the bank will not require that and so you can retain and pay so you can continue to make payments on the vehicle loan without signing a reaffirmation agreement which in my opinion is the best of all worlds right I mean you know if the car blows up down the road you you are not liable for it it's not considered a repossession if you give it back and they can't sue you for a deficiency there are some banks that take the position that if you do not sign a reaffirmation agreement it's a default and we're going

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