need advice on my car !!!

[RainMoM]

I just got off the phone with my Attorney 's legal assistant. He asked me for the 2and time, what i plan on doing with my cars ? I told him that I'm keeping both, then he said that i would have to reaffirm them. Now I don't understand, why would i need to do that if I'm current on BOTH Cars ? do i even need to reaffirm or can i just do a ride threw ? could someone please explain the process to me !!


Good news... I will have my case number by the end of the day

Also :: whats the differance between reaffirm and redeem ?

[Chowder]

If he's saying you need to reaffirm, your area does not allow a 'ride-through'.

Redeem is, getting you lender to agree for a lessor, or current market value.

[RainMoM]

if you have to do a reaffirm, does anything change ? e.i. car payment amount ? I pay a total of $405.00 a month for BOTH .. I really don't want anything to change

[OhioFiler]

if you have to do a reaffirm, does anything change ? e.i. car payment amount ? I pay a total of $405.00 a month for BOTH .. I really don't want anything to change

The only thing that would change is you remain responsible for the debt after BK if you reaffirm.

Your attorney may be telling you you need to CHOOSE reaffirm on your schedules not necessarily that you have to reaffirm. People change their mind all the time after they file.