Reaffirmation Agreement Policy of Doan Law
In a previous post, we had advised how it has long been Doan Law’s practice to not execute reaffirmation agreements except in very limited circumstances. Reaffirmation agreements are harmful since they recreate personal liability on dischargeable debt, defeating the primary purpose of filing Bankruptcy in the first place. Indeed, Bankruptcy Judge Mann recently used sanctions against an attorney to void a reaffirmation agreement with Wells Fargo finding the reaffirmation agreement was entirely unnecessary and failed to account for the debtor’s best interest. The attorney mistakenly thought the reaffirmation agreement was required to prevent a repossession and improve credit. HE WAS