2022
Should You Reaffirm Debts In Chapter 7 Bankruptcy?
Certainly, the primary goal of Chapter 7 bankruptcy is to rid struggling Americans of debt that they can no longer pay. However, when those debts are attached to secured assets like your home or car, your bankruptcy goals may change.
Most bankruptcy claimants have the option to reaffirm such secured debts. What does reaffirmation mean? Should you do it? And how can you make the best decision? Here's what you need to know.
Should You Delay Your Bankruptcy Filing?
Do you think that you're ready to file for bankruptcy, but wondering if the time is right? If so, it will help to know some reasons why you should delay your bankruptcy filing.
Your Medical Condition Has Not Stabilized
A common reason for filing for bankruptcy is to discharge your medical debts. As the bills start coming in and you're unable to pay them, you may feel like you need to resort to bankruptcy in order to get out from underneath your debt.