Delaying bankruptcy because you want to keep certain property? The attorneys at Blomgren & Bobka in Cleveland, OH have extensive experience in reaffirmation agreements. Many people want to include all the debts they can in their bankruptcy filing, in order to maximize the relief available and "start over" with as clean a slate as possible.
However, we frequently hear important, sensible questions such as:
- Can I stay in my home after bankruptcy?
- How do I go about keeping a car that I still owe money on?
- Can I leave certain other debts out of my bankruptcy?
Our answers are positive in many of these cases, based on our experience helping many people form and enter reaffirmation agreements. However, we are careful not to mislead you or feed unrealistic hopes. Please contact us today to discuss your specific financial situation. We are lawyers who care, and we want to help.
Understanding Exempt Assets and Reaffirmation Agreements
You have a right to keep certain exempt assets after bankruptcy, including substantial equity in your home or a car if you are current on payments.
It is also sometimes possible to keep property that falls outside these guidelines - and even property that is currently at risk of foreclosure or repossession. These are secured debts, however, and doing so may require a reaffirmation agreement. This is a contract between you and the creditor that must be approved by the bankruptcy court, stating the terms under which you will continue paying this specific debt. The creditor is not obligated to accept such an agreement.
At the Cleveland, Ohio, law firm Blomgren & Bobka, we are two attorneys who will empathize with your concerns and deliver solid counsel about bankruptcy. Our mission is to help you return to a less stressful, happier life - but you can also count on us to be your "reality check." When you meet with us, we will assess your full financial picture and do everything possible to help you make sound decisions.
Contact Blomgren & Bobka 216-622-1234 to learn more about Cleveland, OH bankruptcy law options. Call today for a Free Consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
