This just cannot be right!

[jandrl2001]

Ok, by now you all know we have been struggling to decide whether to reaffirm or try to 'ride through' our vehicles financed with Honda. DH's job is shaky as with hundreds of thousands of others peoples.

Anyway, lawyer tells me yesterday that if i do not change my intent from reaffirm to surrender that the debt will survive bankruptcy. How crazy is that? How can that be true?

We have in individual who has agreed to finance us 2 used vehicles for a total of around 10-15k for both compared to the 38k we owe on the Honda's.
He is only charging us 7% interest.

[StartingOver08]

You have a very good friend to help you!

It sounds like the new deal that you are getting for two new vehicles financed at 7% is an excellent deal. It is better to surrender the other vehicles financed through Honda.

Your attorney sounds like he does not want to sign off on your reaffirmation and yes, if you sign a reaffirmation you are responsible for the debt after bankruptcy. That is what a reaffirmation is. Some districts do not allow a 'ride through'.

You will need to file a motion changing your intent from reaffirmation to surrender before your case is discharged. The attorney will prepare it for you to sign and file it.