What is the vehicle worth?
If you owe more than the vehicle is worth, reaffirming means carrying that gap with you after discharge.
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Reaffirmation
Keep the vehicle you have, or finance one that actually fits your fresh start. Know the difference before you sign.
What reaffirmation means
When you file bankruptcy, debts secured by your vehicle are part of the case. Reaffirming means agreeing to keep paying that loan on its original terms so you keep the vehicle, and the debt survives your discharge. It can make sense, and it can also lock you into an upside-down loan on a vehicle that's already showing its age.
The questions worth asking
Will it last the loan?
A reaffirmed loan on a vehicle that fails in two years leaves you with a payment and no transportation.
Does the payment report?
If the goal is rebuilding credit, confirm the payments will actually show up on your bureau file.
How Fresh Start Now helps
Before you reaffirm, find out what you could be approved for instead. We work with Chapter 7 and 13 filers, often before the case is even closed, and we handle the trustee paperwork so your bankruptcy case stays clean and on track. There's no obligation. Just real answers from people who've helped thousands of filers move forward.
Compare your options first
Apply in about five minutes, or call a specialist. Free to apply with no obligation.