Did I Reaffirm my Mortgage Debt in My Bankruptcy?

A reaffirmation of a mortgage in Chapter 7 bankruptcy is nearly always a bad idea. Michigan law already protects you from foreclosure if your payments remain current, and the reaffirmation agreement will put you “back on the hook” for tens or hundreds of thousands of dollars in mortgage debt where your Chapter 7 discharge would have otherwise technically discharged the debt, allowing you to truly walk away “free and clear” if your circumstances worsen in years to come.

To read more about this topic, click here to read our full article concerning mortgage reaffirmation agreements and Chapter 7 bankruptcy on the new Michigan Bankruptcy Blog of The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact me at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

3 responses to “Did I Reaffirm my Mortgage Debt in My Bankruptcy?

  1. Pingback: A Hidden Advantage of Not Reaffirming: the Freedom to Move | Michigan Bankruptcy Lawyer

  2. Pingback: Will Bankruptcy Discharge my Condominium Association Fees? | Michigan Bankruptcy Lawyer

  3. Pingback: I Signed an Auto Loan Reaffirmation Agreement in my Michigan Chapter 7 Bankruptcy, So Now What? | Michigan Bankruptcy Lawyer

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