Post Discharge "Reaffirmation"

[slickwilly95991]

I couldn't find any thread on this, but I'm looking to see if there is any process to reaffirm a debt after the discharge has been ordered?

HELOC loan is a couple months overdue. A reaffirmation agreement wasn't signed because the creditor initially sent out an agreement that upped the rates. Tried negotiating, but to no avail. Now I'm not sure what to do.

Do I ask for some kind of repayment plan with the bank, try a post bankruptcy refinance at probably higher rates than what they were initially offering, make payments as I can at the current pre-bankruptcy rate and hope the bank is happy, or is there an option to have a post discharge reaffirmation agreement? Walking away from the property is not an option.

[BKTango]

Unfortunately once your case is closed, you cannot reaffirm the debt, without reopening your case. Most judges/courts don't like the idea of reopening a case just to reaffirm, and most lawyers will advise against it. My suggestion would be never be late, and if you are call and let them know and make arrangements. So maybe you can contact them and make some arrangements to get caught up and soon before they foreclose?

Is it possible you may need to rethink walkng away? If you are already discharged, and are already past due, then maybe you really need to think about how much of a strain this home is on your finances.