Lehman Brothers Financial SA (LEHNQ)

[inesdefilia]

Thank you Cotton!OBS March/April gift:
Page 34 of the Balance Sheet as of October 2014
EQUITY POSITION LOANS

"But here is the bizarre contradiction of this entire process. If you refinance the loan even without reaffirming the old loan, you are liable on the new loan. So if the new or old lender is concerned about making sure you are liable, you'd think they'd be more than willing to refinance your existing loan. The bankruptcy wiped out your liability, a refinance re-establishes it.

This is where you have the greatest risk associated with your motion to reopen the case. You file the motion to reopen your case and the court grants your request. The lender then gives you the reaffirmation agreement, which re-establishes your liability on a previously discharged debt"