Expert: Terry Leeders - 5/17/2008

Question
I am in the middle of Chapter 7 Bankruptcy.  We have had the meeting of the creditors (30 days ago) and I have completed the education requirements.  At the meeting of the creditors we went thru the list of debts.  I was asked to affirm what we wanted to surrender and what we possibly wanted to keep.  I told them we would surrender everything except for a no-equity rental property and one vehicle and possibly another.  I have heard nothing about actually re-affirming these debts though since.  Did I re-affirm then or am I still waiting to do so and will be asked still at some point?  The second question to that would be if we do surrender one of the cars (it is upside down and we want to get rid of it), when will they come get it and can we get another car before we discharge (meaning can we add a debt before discharge)?  Thanks!

Answer
You would have to sign an official reaffirmation agreement.  Your attorney should contact the lenders to get the reaffirmation agreements.  You can surrender the vehicle and will not be responsible for it as long as you don't sign the reaffirmation. You do not need to amend as long as the debt was on your petition.