I recently had an exchange with a fellow bankruptcy attorney who expressed some confusion over the treatment of car leases in bankruptcy.  His confusion arose because of something he heard a judge say at a hearing on reaffirmation.  The judge’s comments appear to indicate that the distinction between lease assumption and debt reaffirmation is not clear in everyone’s mind.  This post will clear up the confusion.
Continue Reading Reaffirming Debts vs. Assuming Leases In Chapter 7 Bankruptcy