I understand when unavoidable circumstances make bankruptcy necessary
Reaffirmation Agreement Services
- Oklahoma State Bar Association Member - Locally Owned
Understand About the Reaffirmation Agreement
In bankruptcy, for your assets, you can determine what asset you will be using to present for bankruptcy. You either pay for it, give it back, or reaffirm it.
Reaffirmation agreement is the process of documenting that transaction between you and the lender that will be approved by the court so that you are contractually obligated to make that payment so you can continue to own that asset.
If you default, they can repossess and sue you for the unpaid balance. If you are reaffirming and you are timely with your payments, this can have a positive effect on your credit. Get in touch
with Matthew E Riggin PLLC to learn more about reaffirmation agreements!
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