Question: Bryant filed a Chapter 7 petition on January 7. On March 8, she filed an application to reaffirm an indebtedness owed to General Motors Acceptance

Bryant filed a Chapter 7 petition on January 7. On March 8, she filed an application to reaffirm an indebtedness owed to General Motors Acceptance Corporation (GMAC) on her Cadillac automobile. Bryant was not married, and she supported two teenage daughters. She was not currently employed, and she collected $771 a month in unemployment benefits and $150 a month in rental income from her mother. Her monthly house payments were $259. The present value of the Cadillac was $9,175; she owed $7,956.37 on it, and her monthly payments were $345.93. Bryant indicated that she wanted to keep the vehicle because it was reliable. GMAC admitted that Bryant had been, and continued to be, current in her payments. GMAC said that the car was in no danger of being repossessed but that, absent reaffirmation, it might decide to repossess it. Under the law at the time, permission of the court was required for a reaffirmation agreement. Should the court grant Bryant's petition to reaffirm her indebtedness to GMAC?

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