Answered on Aug 31st, 2017 at 9:09 AM
Yes, it makes a difference if it's Chapter 7 because reaffirmation only applies to Chapter 7. If the credit union's loan is secured by collateral (a car or furniture, etc.) you can reaffirm on the loan which means it's treated as if no bankruptcy occurred. If the credit union's loan is unsecured, then reaffirming isn't an option, absent unusual circumstances (for instance, payment is required by a divorce decree and it's non-dischargeable), you can't reaffirm an unsecured debt.