Statement of Intention in Chapter 7 Bankruptcy – No Free Cars
Statement of Intention is where you put yourself back on the hook to owe a debt that would otherwise be cleared in bankruptcy. But you don't get a free car.
Reaffirm Debt & Reaffirmation Process
Reaffirmation is where you promise to keep owing debt. The reaffirmation process varies state to state, but generally, the reaffirmation process goes like this.