Risks Of Reaffirmation? When to start to negotiate?
Ok, there have been so many helpful posts on reaffirmation, what it entails,, and why to (or not to) do it. But after my searching I still dont get a couple things....
1. If a debtor like me decides NOT to reaffirm, and jsut ride through, but I realy need to keep tha car, is there a chance of repo anyway? What would cause htis? (i am on time and plan to remain that way through bk - filing hopefully in july)
2. If I attempt either 1) a 722 redemption or 2) to modify/negotiate the existing loan and both DONT WORk - will they automatically say too bad, or can we still keep the existing terms?
I would hate to try for a change, and then since they see htat I am struggling and asking for help, they assume I cant pay and take the car anyway. (I have two cars I am thinking of doing this with)
I just dont want to take the risk if it will hurt my chances of keeping the cars.
Also, besides the 722, is there any way a lawyer can just call my existing car creditor and negotiate or do i have to do that? And if I have to, do i call before i file bk or after?
THanks in advance for any help with this
1. If a debtor like me decides NOT to reaffirm, and jsut ride through, but I realy need to keep tha car, is there a chance of repo anyway? What would cause htis? (i am on time and plan to remain that way through bk - filing hopefully in july)
2. If I attempt either 1) a 722 redemption or 2) to modify/negotiate the existing loan and both DONT WORk - will they automatically say too bad, or can we still keep the existing terms?
I would hate to try for a change, and then since they see htat I am struggling and asking for help, they assume I cant pay and take the car anyway. (I have two cars I am thinking of doing this with)
I just dont want to take the risk if it will hurt my chances of keeping the cars.
Also, besides the 722, is there any way a lawyer can just call my existing car creditor and negotiate or do i have to do that? And if I have to, do i call before i file bk or after?
THanks in advance for any help with this
waiting to file in july-august,