Hello all. I have a couple of questions that Google can't seem to help with. Also, am unable to get a straight answer from my attorney. I want to make sure I do the right thing in this situation.
I am in the middle of a chapter 7. Have my creditors meeting in 3 days.
I have two loans with the same credit union - NFCU. They have sent reaffirmation agreements for each of them and have agreed to waive the cross collateralization clause on each. One is a vehicle and one is a boat (liveaboard type but not currently living on it).
I would like to reaffirm the boat for sure but I am undecided on if I want to keep the vehicle. Recently has been giving me problems and it just suffered a considerable amount of hail damage which it will be going in for repair on next week.
My attorney is saying that he is unsure of how they will feel if I reaffirm one and not the other. If it came down to keeping or losing the boat I would reaffirm both to keep them happy but they sent two separate agreements.
Have any of you encountered this before? I'm in MD if that makes a difference.
Thank you in advance!
I am in the middle of a chapter 7. Have my creditors meeting in 3 days.
I have two loans with the same credit union - NFCU. They have sent reaffirmation agreements for each of them and have agreed to waive the cross collateralization clause on each. One is a vehicle and one is a boat (liveaboard type but not currently living on it).
I would like to reaffirm the boat for sure but I am undecided on if I want to keep the vehicle. Recently has been giving me problems and it just suffered a considerable amount of hail damage which it will be going in for repair on next week.
My attorney is saying that he is unsure of how they will feel if I reaffirm one and not the other. If it came down to keeping or losing the boat I would reaffirm both to keep them happy but they sent two separate agreements.
Have any of you encountered this before? I'm in MD if that makes a difference.
Thank you in advance!
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