What problems can arise in the bankruptcy?
In chapter 7, it is rare to have any substantial problems, but when problems arise they can be complicated. Some minor issues that arise fairly commonly: some creditors will request that you sign a reaffirmation agreement: that you still owe them money despite the filing of the case. These may be credit cards offering to let you keep using the card if you keep paying on it; or may be car or mortgage loans requesting that you sign to remain liable on the debt whether or not you keep the car or house. I very strongly recommend against reaffirming on unsecured credit cards. Generally the reaffirmation gives them the right to cancel the credit later and still sue you for the balance owed. I may sign reaffirmations on car or mortgage loans.
