Changing mind on reaffirmation

[sharksfan]

I reaffirmed an RV on 6/6/08. We wish to terminate this agreement and are running close to the end of the 60 day window (8/5/08).

The reaff paper work says to contact the creditor to cancel the agreement. Is that all I need to do?

[keepmine]

You don't have a lawyer?
If not, send a letter stating you wish to cancel the reaffirmation agreement to the creditor CRRR.

[BassBoy]

Involve your attorney as well to recind this reaffirmation if you used an attorney. I do believe that you have up until your discharge date to recind a reaffirmation agreement.

[sharksfan]

Involve your attorney as well to recind this reaffirmation if you used an attorney. I do believe that you have up until your discharge date to recind a reaffirmation agreement.

I've already sent an email to my attorney. My concern here is that they are going to want more $$$.

My paperwork says I've got until discharge OR 60 days after the agreement is filed with the court... which ever is LATER.

[sharksfan]

You don't have a lawyer?
If not, send a letter stating you wish to cancel the reaffirmation agreement to the creditor CRRR.

I already planned on CMRRR. Can't I just copy my attorney on my letter?

[BassBoy]

I've already sent an email to my attorney. My concern here is that they are going to want more $$$.

My paperwork says I've got until discharge OR 60 days after the agreement is filed with the court... which ever is LATER.

If there is a fee for your attorney to write a recind, it's probably minimal compared to the costs of being stuck with a reaffirmation you no longer desire. The fee should not be nowhere near the same costs you paid for filing your BK.

[sharksfan]

It doesn't appear that my attorney is charging me a fee. I have signed the resind docs for the item in question. We are thinking about resinding a second item as well.