reaffirmation agreement bankruptcy form
Do you have to file a reaffirmation agreement in Chapter 7 bankruptcy for secured creditors?
We are filing Chapter 7 bankruptcy and want to discharge all unsecured debt, but we are current on home and car and will continue to make those payments. We will have to fill out a B240 reaffirmation agreement on these or just fill out the Chapter 7 Debtor intent form that says we will reaffirm?
Reaffirmation agreement is for unsecured creditors whereas the Statement of Intention is for secured Creditors like car, and house. The Statement of Intentions is the proper place to “show” intentions to creditors and the Court regarding this debt.
See Nolo’s Chapter 7 Bankrutpcy book which is in many public libraries.
Good Luck
