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Reaffirming car in chapter 7 - is this correct?

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  • 2live
    replied
    I'd like to know as well since come March my new income will just barely make the bills, including the car payment which I have just 2yrs left to pay, not upside down and payment less than $270.00/mo. If they don't let me keep it I won't get a better deal anywhere.

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  • lalap123
    started a topic Reaffirming car in chapter 7 - is this correct?

    Reaffirming car in chapter 7 - is this correct?

    I recently read something on an atty's website that said that if your budget shows a negative amount available every month the court will deny your affirmation agreement. Is this true? Obviously we would/could get rid of lots of budget line-items before we would get rid of our car. It's not overly expensive and is a larger vehicle b/c we have three children. How likely is this to happen?

    If it does, can I just transfer the car to my husband after the reaffirmation is thrown out so that he can take over the payments?

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