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Reaffirmation of Auto Leases
Posted: Fri Jul 06, 2012 2:02 pm
by Yahoo Bot
No. Why recreate personal liability for the debt? The lessor is making
good money off the debtor, so unless the lease is with a company that we
know will repossess even if the debtor pays, there is no need to reaffirm.
If you have any questions or concerns, please contact me.
Pat
Patrick T. Green
Attorney at Law
Fitzgerald & Green
1010 E. Union St. Ste. 206
Pasadena, CA 91106
Tel: 626-449-8433
Fax: 626-449-0565
pat@fitzgreenlaw.com
The post was migrated from Yahoo.
Reaffirmation of Auto Leases
Posted: Fri Jul 06, 2012 12:06 pm
by Yahoo Bot
Hi, all,
We are creating a checklist for volunteer attorneys who counsel debtors before reaffirmation hearings, and have a question regarding automobile leases. Should auto leases be treated any differently in the reaffirmation process than car purchase agreements?
We were under the impression that as long as the debtor stated an intention to assume a lease in Part B of the Statement of Intention, it was not necessary to reaffirm a lease. However, at last week's reaffirmation hearings, Judge Donovan told a pro se debtor that, in order to keep the lease, she had to reaffirm it.
Thanks,
Christian
Christian Cooper
Staff Attorney
Consumer Law Project & Debtor Assistance Project
Public Counsel
610 S. Ardmore Ave. | Los Angeles, CA 90005
(213) 385-2977 ext. 125 | fax (213) 385-9089
ccooper@publiccounsel.org | publiccounsel.org
The post was migrated from Yahoo.