Should I Reaffirm Debt?

If you have filed for bankruptcy and seek to discharge a secured debt, your creditor may come to you while the bankruptcy is still in process and ask if you will enter into a reaffirmation agreement.

The reaffirmation agreement is basically a new contract with your creditor, allowing you to keep the property secured by the debt. It is probably in your best interest to have the agreement reviewed by an experienced attorney before you do.

At the office of Perry O’Brian, we have handled all types of bankruptcy law matters for individuals and businesses in northern Maine for more than 36 years. We have a strong understanding of the laws and procedures governing bankruptcy filings.

We work at all times to make the process as simple and stress-free as possible for you. We are committed to being responsive and efficient, answering all calls or e-mails promptly, and seeking to complete your bankruptcy filing with minimal cost.

We Protect Your Rights in a Reaffirmation Agreement

We handle all matters related to a proposed reaffirmation agreement, carefully reading, explaining terms to you, and helping you have a clear picture of your obligations under the agreement. Though a reaffirmation agreement may allow you to keep your property, it is of principal benefit to your creditors. We make certain that you know what you are getting into before you sign on the dotted line.