Reaffirmation Agreements

Reaffirmation Agreements in Savannah, GA

Affordable Bankruptcy Services for Individuals and businesses

Reaffirmation agreements are an effective tool for individuals and businesses who wish to retain certain assets while they are going through bankruptcy.

Contact the Law Offices of Mark A. Bandy, PC to learn more about reaffirmation agreements and how they can help you through bankruptcy. With over 30 years of experience, our Savannah bankruptcy attorney can help you get the most out of your case.

For a free consultation with our Savannah reaffirmation agreement lawyer, contact the Law Offices of Mark A. Bandy, PC today. Call or contact us online.

What Is a Reaffirmation Agreement?

A reaffirmation agreement is an agreement between a debtor and a creditor that states the debtor will reaffirm a debt, meaning they will continue to be responsible for it. A reaffirmation agreement can be part of a bankruptcy case or it can be entered into before a bankruptcy case is filed.

Debtors can enter into reaffirmation agreements for the following types of debt:

A reaffirmation agreement can be an effective tool for debtors who wish to keep certain assets and avoid liquidation. However, these agreements are not for everyone. Debts that are not dischargeable in bankruptcy cannot be reaffirmed. If you would like to know if your debt is dischargeable, our Savannah bankruptcy attorney can help.

What Is the Difference Between a Reaffirmation Agreement & a Second Mortgage?

A reaffirmation agreement is similar to a second mortgage in that it allows you to keep a certain asset. However, a reaffirmation agreement is different in that it allows you to keep a debt that you are already responsible for. A second mortgage is a loan that you take out to pay off another loan, such as a home mortgage.

Why Reaffirm a Debt?

Reaffirming a debt can be an effective way to keep an asset while still working toward financial freedom. If you have a home mortgage, car loan, or other debt, reaffirming it can allow you to keep making payments while working toward your bankruptcy goals.

Reaffirmation agreements can help you:

  • Keep your home or car
  • Maintain a steady income
  • Keep your credit score
  • Keep making payments on your debt
  • Keep your assets and avoid liquidation

If you are considering reaffirming a debt, it is important to work with an experienced bankruptcy attorney. Reaffirming the wrong debt can be detrimental to your bankruptcy case. Our Savannah bankruptcy attorney can help you evaluate your options and determine which debts you should reaffirm.

How to Reaffirm a Debt

The Law Offices of Mark A. Bandy, PC can help you reaffirm a debt through a bankruptcy case. We can help you determine which debts are dischargeable and help you avoid reaffirming a debt that you will not be able to discharge in bankruptcy.

To reaffirm a debt, you must file a reaffirmation agreement with the court. The reaffirmation agreement must include the following:

  • A statement that you have received a copy of the bankruptcy rules
  • A statement that you have had at least 7 days to consider the agreement
  • The specific debt you are reaffirming
  • The date you wish to reaffirm the debt
  • A statement that you can still pay the debt
  • A statement that you are reaffirming the debt voluntarily
  • Your signature

Once you have reaffirmed a debt, you must make all payments on time for 5 years. If you do not make a payment on time, you can ask the court to end your reaffirmation agreement. If you do not reaffirm a debt, you can lose any assets that are tied to the debt.

Contact Our Debt Reaffirmation Lawyers

Facing decisions about reaffirmation agreements in Savannah? Trust the Law Offices of Mark A. Bandy, PC. Our experienced lawyers will safeguard your interests, ensuring a smooth financial future. Don't navigate this process alone – consult us today for expert guidance.

Need debt relief? Call our reaffirmation agreement lawyer in Savannah, GA at Law Offices of Mark A. Bandy, PC by dialing (912) 331-4501.

Mark In The News

  • How To Tackle Personal Debt
    View Video
  • Local Expert: Bankruptcies Could Spike Post-Pandemic
    View Video

Real Client Stories

Hear From People We Have Helped
    “Absolutely the best in town!”
    Called several places and they gave me the runaround. Basically, they told me, “This is the price. Come in and we will see what we can do.” I called Mark’s office after 4 other places. Initially I got a voicemail so I left one. He immediately called back, asked me thoughtful questions, and answered my many, MANY questions. He got me started and was willing to work with my situation. Mark’s office was professional and sincere from day one and has been there every step of the way. His assistant Shannon was super knowledgeable and helpful when I came in for my initial appointment and accommodated our crazy schedule. They both kept us informed. They walked us through each part step-by-step and made this terrifying process less scary. Despite my relentless emails and calls, asking question after question, they always replied thoughtfully and promptly. No one wants to go through this, but if you must, Mark Bandy is 100% the person to go to! We will forever be grateful!
    - T.C. P.
    “I was very pleased and would highly recommend his firm. They are top notch. Thank you to Mark and his team for their help.”
    A former client of Mark's referred me to his firm. I called and spoke with Mark. He took the time to listen and understood my concerns. He discussed the process and time frame for filing. His staff followed up and contacted me the next day. They stayed in touch and communicated each step from the beginning to the end. I was very pleased and would highly recommend his firm. They are top notch. Thank you to Mark and his team for their help.
    - Kim C.
    “I would recommend Mr. Bandy to any and everyone who going through a rough patch and needs help. Thank you so much.”
    Mr. Bandy saved me and my financial situation when I really was at my lowest. His professionalism and follow through made the entire bankruptcy proceedings easy to process. I would recommend Mr. Bandy to any and everyone who going through a rough patch and needs help. Thank you so much.
    - Former Client
    “After reaching out to Mark my initial apprehension was immediately put to rest. Mark is very understanding and broke the process down in its most simple terms.”
    Although bankruptcy was a great option for me financially, it was also a very scary thought to process which initially made me reluctant to pursue this option. However, after reaching out to Mark my initial apprehension was immediately put to rest. Mark is very understanding and broke the process down in its most simple terms. The process was seamless, only required one office visit and one courthouse visit and by working with Mark I was able to achieve optimal results. I could not recommend Mark more and I am beyond happy that I chose to work with him.
    - Ben

Begin Your Fresh Start

Schedule Your Free Consultation Today
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.
  • By submitting, you agree to be contacted about your request & other information using automated technology. Message frequency varies. Msg & data rates may apply. Text STOP to cancel. Acceptable Use Policy

Reasons Clients Trust Us

Our Core Values
  • Flexible & Affordable
    We offer free consultations, weekend, after-hour, and virtual appointments for your convenience.
  • Accessible
    We are accessible to our clients and are here to answer all questions throughout the process.
  • Client-Focused
    When you retain us you can rest assure you will receive excellent representation and the best possible outcome.
  • Experience
    Attorney Mark A. Bandy has over 20 years of experience successfully handling bankruptcy filings in Savanna.