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Monthly Archives: June 2019

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Reaffirming Debt In Chapter 7 Bankruptcy

By Kelley, Fulton & Kaplan |

Chapter 7 Bankruptcy provides debtors with the opportunity to break an overdue contract with their lender and have the remaining debt discharged. However, when bankruptcy defendants want to retain a certain piece of their secured property, they will need to execute a reaffirmation. This process holds the defendant responsible for the specific property’s debt… Read More »

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