reaffirmation question

[ferfermom]

We have retained an attorney for Chap 13, since we are over median income for Washington state, but he seems to think we can do chap 7 after means test, due to alot of medical bills.

We for sure want to keep our home of 23 years that we are current on mortgage payments, and also want to keep our car , with car payments. How and when do we reaffirm both loans? I am not understanding what it even means. Do we contact the lenders , or does the attorney take care of that for us? Is there a fee involved usually? If we didnt reaffirm doesnt that mean the bank can foreclose on our home? What are the reasons why we wouldnt want to reaffirm?

[scorpion35]

We have retained an attorney for Chap 13, since we are over median income for Washington state, but he seems to think we can do chap 7 after means test, due to alot of medical bills.

We for sure want to keep our home of 23 years that we are current on mortgage payments, and also want to keep our car , with car payments. How and when do we reaffirm both loans? I am not understanding what it even means. Do we contact the lenders , or does the attorney take care of that for us? Is there a fee involved usually? If we didnt reaffirm doesnt that mean the bank can foreclose on our home? What are the reasons why we wouldnt want to reaffirm?

just tell your lawyer u want to reaffirm the house and car and he will take care of it

[SMinGA]

I am not sure why medical bills would be a factor? Unless you mean that you have alot of monthly medical expenses?

Reaffirmation is something that happens during bankruptcy where you sign paperwork to accept responsibility for a debt after the bankruptcy.