Business Address

Law Office of Randall A. Fischer P.A. At Stuart

2100 SE Ocean Blvd #203, Stuart,
Martin, Florida 34996
Phone: (772) 463-7737


Randall A. Fischer, P.A.

725 SE Port St Lucie Blvd #206, Port St. Lucie
St. Lucie, Florida 34984-5232
Phone: (772) 463-7738


Randall A. Fischer, P.A. Law Office At Jupiter

1080 East Indiantown Road #104
Jupiter, Florida 33477
Phone: (561) 316-7111


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Bankruptcy Chapter 7 Reaffirmation

In order to keep secured asset while filing for Chapter 7 Bankruptcy, it will become necessary to file a reaffirmation agreement.  Attorney Randy Fischer briefly describes the process of obtaining reaffirmation agreements.  Deciding on whether or not you want to enter into a reaffirmation agreement is worth of serious consideration.  The debtor should realistically assess their financial position post Bankruptcy to determine whether they are in a financially viable position to enter into a reaffirmation agreement with a creditor.

Automotive financing is the most often reaffirmed agreements.  When considering whether to reaffirm a car loan, realize if you then later default, you may be subject to any deficiency amount due, in the event the vehicle is repossessed and sold for an amount less than what is owed (the deficiency).

It is possible to renegotiate the terms of a loan agreement, but the likelihood is not a certainty.  There are many factors that are taken into consideration by the creditor.  Regardless, for many clients, it is important to know that if they have an automobile loan, they can reaffirm the loan and keep their car, provided there is no equitable value in the vehicle (either through exempting the equitable value or the vehicle is worth less than what is owed).  It is imperative in Florida to be able to keep your car when filing for Chapter 7 Bankruptcy.

If you live in Stuart FL, Port St. Lucie FL, or Jupiter FL and need to talk to a Bankruptcy Lawyer, please call to schedule a free consultation or click here to go to the contact us page on my site and I will call you.  I appreciate you taking the time to review my website.

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