How does acceptance of a unilateral agreement differ from that of ordinary agreement?

How can I prove that I can afford to make my car payment in an upcoming reaffirmation agreement hearing?

• I filed for Chapter 7 Bankruptcy in Michigan. The only secured debt that I have is a car loan which I signed a reaffirmation agreement for. Now I have to go to court to prove that I will be able to afford my car payments. My question is how do I prove I can make my payment to the judge? My parents live with me and my mother was my co-signer for the loan. She plans on going and telling the judge that if I can't make my payments she will do it. She doesn't have a very large income though so I am not sure how much of an impact that will have. I really can afford the payments myself but the way they figure expenses for basic things like food and clothing differ from the way I budget. I spend much less than other people apparently. Any suggestions as to how I can prove that the payments will be made would be greatly appreciated. Thank you

• Answer:

  If you and your mother signed for the car loan, then most likely the bk judge will ask for a minimum of paystubs from you and your mom or even possibly a full financial statement. Both of you are equally liable for the car. If either one of you cann't pay for the car and it gets reposessed, then this will effect you and your mom's credit.