New Jersey Reaffirmation Agreement Lawyer
When people file for bankruptcy, many wrongly assume that they have no choice but to give up all of their property in the process. If there are certain assets that they may want to keep, such as a home or a vehicle, they are able to do so by signing a reaffirmation agreement. These agreements do exactly what the name implies: They reaffirm the debtor’s responsibility for the asset and the payments that go with it.
When you sign a reaffirmation agreement, you are committing yourself to a brand-new long-term payment agreement. It is important that you carefully consider how important the asset really is to you and if you can honestly afford the payments under the terms of the new agreement. These are complex issues that require thorough planning. Many people find it helpful to seek the advice of a qualified bankruptcy lawyer.
I am New Jersey reaffirmation agreement attorney Joel R. Spivack. For more than 25 years, I have dedicated my career to the practice of bankruptcy law. I help people regain control of their financial situations and get the fresh start they need through Chapter 7 and Chapter 13 bankruptcy. I have represented thousands of clients throughout South Jersey and the Philadelphia area.
Understanding the Requirements of Reaffirmation Agreements
Reaffirmation agreements can be signed at any time prior to when you receive your bankruptcy discharge. You have the right to rescind the agreement if you later decide that you do not want the asset or will not be able to afford the asset. Should you choose to rescind, you have until the date of your discharge or 60 days after you filed the agreement with the court, whichever is later. In many cases, you are able to negotiate better terms with the lender before signing the agreement.
Speak to a Camden County Debt Reaffirmation Attorney
I offer a free, in-person consultation at my Cherry Hill office, where you can get all your questions answered and learn more about the pros and cons associated with reaffirming a debt. Contact me today to schedule an appointment. My regular business hours are 8 a.m. to 5 p.m., Monday through Friday. Free parking is available. You can reach me by phone at 856-488-1200 or toll free at 866-488-2196. You can also contact me via e-mail.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.