In the current economy, many people are struggling to make ends meet. As a result, some people are forced to file for bankruptcy. However, even after filing for bankruptcy, some people still owe money on certain debts. In order to continue making payments on these debts, they may enter into a reaffirmation agreement.
A reaffirmation agreement is a contract between the debtor and the creditor in which the debtor agrees to continue making payments on a debt even after they have filed for bankruptcy. This agreement is typically used for secured debts, such as mortgages or car loans.
Reaffirmation agreements can be beneficial for both the debtor and the creditor. For the debtor, it allows them to keep their property and avoid having to enter into a new loan agreement. For the creditor, it ensures that they will receive payments on the outstanding debt.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at the 12738 Ramona Blvd Baldwin Park CA 91706