Auto loan reaffirmation? What's this mean?

stormy

Member

Bankruptcy Newbie

Joined: Jul 2010

Posts: 88

State: Illinois
#1

Auto loan reaffirmation? What's this mean?

09-27-2010, 11:04 AM

"Reviewed No Presumption of Undue Hardship"

That was just posted on Pacer this morning; what does it mean? Does it mean the loan has been approved/reaffirmed by the bankruptcy court?

Sue

Filed Chapter 7: 8/11/2010 341: 9/13/2010 Done!!
9/14/2010 Trustee Report of No Distribution
Discharged 11/15/2010 Closed 11/18/2010
Tags: None
drowning123

Senior Member

Bankruptcy Tutor

Joined: Aug 2010

Posts: 1313

State: New York
#2

09-27-2010, 11:52 AM

That's good news. You've been approved. The judge sees where you can afford to make the payments. You have no undue hardship.

Filed August 20 341 on September 23 Report of No Distribution - September 24 Case Discharged and Closed on November 23!!!
Comment
stormy

Member

Bankruptcy Newbie

Joined: Jul 2010

Posts: 88

State: Illinois
#3

09-27-2010, 12:24 PM

Thanks drowning123! Good news is always a good thing!

Filed Chapter 7: 8/11/2010 341: 9/13/2010 Done!!
9/14/2010 Trustee Report of No Distribution
Discharged 11/15/2010 Closed 11/18/2010
Comment

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