Reaffirmation Agreements: Choosing to Sign a Document That Could Get You Sued
I don’t like Reaffirmation Agreements. There, I said it. I wanted to be as concise as I could possibly be. When I sit down to review reaffirmation agreements with my clients, this is the first statement that I normally make. The main reason I don’t like reaffirmation agreements is because the benefit to the client is so small compared to the potential for negative consequences. Keep all of this in mind as you read the following.
Disappearing Debt: A Common Misconception About Bankruptcy
The other day a prospective client came to my office for a free bankruptcy consultation. Her case wasn’t terribly complicated. Her most pressing concern was that she didn’t want to lose her car. She was afraid that if she included her car in the bankruptcy, the bank would be forced to take it away from her. In responding to this concern, I found myself answering one of most interesting questions, and at the same time common misconceptions, about bankruptcy. And that is…
Can I Keep My Car if I File Bankruptcy In Iowa?
If the thought of losing a vehicle makes you wary of filing bankruptcy, I will tell you this: Don’t worry – you don’t have to lose your car in a bankruptcy! The bankruptcy code and Iowa exemptions are designed to help protect your interest in your vehicle(s).
I have simplified the analysis to five key questions. In this post, I’ll cover those five questions.