Legal Question in Bankruptcy in Florida

I filed for bankruptcy pro se in early April. I went to my creditors meeting in May and shortly after I reaffirmed my car loan. That was the only debt I wanted to keep because I "bought" the car in December 2011. I have not missed a payment yet....and don't intend to. I was reading online that reaffirming a car loan is bad because the loan gets discharged in your bankruptcy and even after your discharge, even if you are making payments it's not reported to the credit bureaus. If that's the case, which from everything I have read....I am tempted to return the vehicle back to the lender and start over.

My other issue is I was hoping to refinance the car loan because the interest rate is 23%. If I refinance the rate, I can bring down the payments which is what I was hoping to after my discharge.

I know credit won't be all that easy to obtained after this discharge, and simply put...I don't want any credit. I just need reliable transportation to go to work and continue paying my bills.


Asked on 7/12/12, 1:34 pm

1 Answer from Attorneys
R. Jason de Groot R. Jason de Groot, P.A.

You already reaffirmed the car loan. The debt will not be discharged. Just pay the car off and attempt to refinance it after the discharge. Obtaining credit may be easier than you think. I cannot count the times that I was on the way to a 341 meeting with a client who had gotten a pre approved credit card just before the meeting.

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Answered on 7/12/12, 1:38 pm


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