Every Chapter 7 case with a car loan presents a reaffirmation dilemma. Should the client reaffirm? Should you certify “no hardship”? What happens if the judge rejects the agreement?
Dallas bankruptcy judge Stacey Jernigan laid out a primer for attorneys on how it’s done and what judges in her district expect from bankruptcy practitioners in a decisions in a case called Grisham, filed 9/10/2010. It’s well worth reading.
As to the question about what happens if the agreement is not approved by the court, see my post Lose in Court, Drive Happily into the Sunset.
Image courtesy of Odolphi