A reaffirmation is an official way to “reobligate” yourself on the loan. This involves the lender sending us a reaffirmation contract to be signed by you.
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Woman Who Filed for Bankruptcy Says Debt Relief “Feels Great”
“For anyone looking to file for bankruptcy, this is a good choice,” wrote Rachel. “It helps relieve you of your debt and the heavy burden on your shoulders. If you find yourself in a hole digging deeper into debt, this will get you out of it.”
Sometimes when people are young, they make poor monetary choices that lead to financial distress down the road. If this sounds familiar to you, it's important to realize that there are options available that will help relieve you of debt you may have accrued over the years.
Rachel from Washington shared her story with USA Bankruptcy Guide, a resource for people who are considering filing for bankruptcy, noting that making this financial decision helped give her a second chance after her debt spiraled out of control.
She admitted that filing for bankruptcy was stressful, but explained that it wasn't nearly as bad as continuing to fall further behind on her payments. Fortunately, her friends and family supported her throughout the process.
Fearing that her financial history would prevent her and her husband from finding an apartment to rent, Rachel was pleasantly surprised to discover that filing for bankruptcy didn't get in the way of this important life event.
“For anyone looking to file for bankruptcy, this is a good choice,” wrote Rachel. “It helps relieve you of your debt and the heavy burden on your shoulders. If you find yourself in a hole digging deeper into debt, this will get you out of it.”
Has a buildup of debt left you feeling stressed out and wondering if you'll ever get back on your feet? If so, you owe it to yourself to explore your options and get the second chance you deserve. At Atlas Law Firm, we can help you figure out the cost of filing for bankruptcy and help you from start to finish.
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There are 2 things you must do after your case is filed: (1) attend the meeting of creditors (aka the 341 hearing); and (2) complete a debtor’s education course via phone within 75 days from the date your case was filed. The 341 hearing is sometimes referred to as the meeting of creditors because your creditors can attend the meeting and ask you questions about the information contained in your petition.