Re: more questions on debt and BK - sorry but it is long

Posted by JerNTN (24.158.147.91) on June 01, 2004 at 17:47:30:

In Reply to: Re: more questions on debt and BK - sorry but it is long posted by JKelly on June 01, 2004 at 15:08:31:

First, Bankruptcy laws are federal laws, not state laws. If you file for bankruptcy, you are asking for ALL unsecured debts to be dishcarged. You have the option of re-affirming ONLY on secured debts, i.e., your house and auto,.... debts in which there is collateral securing the loan. You CAN NOT pick and choose ANY unseucured debts to re-affirm. You are required to list ALL unsecured debts. IF you do not list all of your unsecured debts and hide them from the court, your bankruptcy case may be overturned.... I speak from experience on this matter.

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