Pierce, CO Bankruptcy Law Firms & Lawyers

In Wisconsin, a fee of $1,000 for a Ch. 7 bankruptcy is about half the going rate. Failure to conclude reaffirmations is very frequent. What you could do, among other things, is contact the credit reporting bureaus and ask to submit a debtor's statement, which would have to accompany the credit report wherever it goes. Work a bit on the languge so that it states concisely and in good English that your lawyer failed to reaffirm, but that you have been making all payments regardless. If you have been making all the payments, even if they are not being reported to the credit bureaus, you should be able to show that to any potential lender. That could make a difference. Also, so long as you are making the payments, you are keeping the house, and the lender will have to satisfy the mortgage once you finish paying, so the only real loss is some points in your credit score. Meticulous payment of all your bills will make up for the loss of points before long.

As long as you continuing making the car payments, you should be able to keep the vehicle even after filing bankruptcy although you may have to sign a new contract with the lender reaffirming the debt. If your budget shows that you have little or no money left after paying your necessary living expenses, you should be able to qualify to file bankruptcy Your gross income only reflects whether additional work needs to be performed to make you eligible to file Chapter 7.

Your mortgage lender is asking for something that probably does not exist. A reading of the code section tells me that only a loan on personal property can be reaffirmed. Even if you can reaffirm the loan, it is unlikely that the Court would grant a reaffirmation. The balance is so large that it is seldom in your best interest to reaffirm a mortgage loan debt. The discharge that you received made it so that if you failed to pay the mortgage payments, then the lender could not come against you personally for any amounts owed that were not recovered from the sale of the property. You need to contact the attorney who represented you in the bankruptcy case to confirm that no reaffirmation was granted on this debt.