Execute a Reaffirmation Agreement to Save Your Car!
In a disappointing decision dated September 15, 2009, the Ninth Circuit Court of Appeals issued its ruling in Doan Law Firm’s Dumont appeal. This split 2 to 1 decision established new law in the Ninth Circuit. Essentially, it overturned the long established “Ride Thru” options for debtors that wanted to keep their vehicles in bankruptcy without signing reaffirmation agreements. Dumont now holds that the general “Ride Thru” option is no longer available due to the BAPCPA amendments to the Bankruptcy Code in 2005. But there is good news! Dumont also appears to have created alternative pseudo “Ride Thru” options as long as reaffirmation agreements are involved. Thus this firm strongly recommends exploring reaffirmation agreements in every