21 Sep Be Careful Which Debts You Reaffirm
A tire company sent a reaffirmation agreement to me for one of my clients to sign. A reaffirmation agreement is a new contract to pay an old debt that is included in your bankruptcy filing.
I laughed when I saw who it was from but I laughed even harder when I discovered it was for a brake job done in 2003. The debt was charged off in 2004. The statute of limitations to sue on this debt expired more than a year ago. They must be crazy if they think I will have my client sign this agreement.
If you receive a reaffirmation agreement, always have your attorney review it before you sign the agreement. You don’t want to get back into debt for something that is clearly dischargeable in your bankruptcy.
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