An agreement by a bankrupt debtor to continue paying a dischargeable debt after the bankruptcy, usually to keep collateral or a mortgaged property that would otherwise be repossessed.
If a debt can be discharged, you can chose to pay for it anyway under a reaffirmation agreement that is voluntary and must be approved by the court.
a contract between you and the creditor that you will pay all or a portion of the money owed, despite the bankruptcy filing
a debtor's agreement with a creditor to reaffirm the debtor's obligation to repay a debt that would otherwise be dischargeable
an agreement between the Debtor and a creditor that the Debtor will pay all or a portion of the money owed, even though the Debtor has filed bankruptcy
an agreement between your creditor and yourself and your creditor that says you agree to make payments, and the creditor agrees to let you keep the property
an agreement by a debtor and a creditor about how to treat a particular debt that would otherwise be discharged in the debtor's bankruptcy
an agreement by a debtor to continue paying a debt after bankruptcy, usually for the purpose of keeping mortgaged property that would otherwise be repossessed
an agreement by which a bankruptcy debtor becomes legally
an agreement by which a debtor becomes legally obligated to pay all or a portion of an otherwise dischargeable debt
an agreement to keep paying your debts regardless of the bankruptcy
a voluntary agreement between a debtor and a creditor wherein the debtor agrees to pay off some of or the entire loan according to a set schedule
a voluntary written agreement to continue
a written contract by which a debtor agrees to pay a particular debt even though the debt would otherwise be forgiven in bankruptcy
An agreement by a chapter 7 debtor to continue paying a dischargeable debt (such as an auto loan) after the bankruptcy, usually for the purpose of keeping collateral ( i.e. the car) that would otherwise be subject to repossession.
If you want to keep an item in the estate such as a car or engagement ring, reaffirmation releases the item from the estate and from any discharge. You work out whatever kind of agreement you can with the creditor and agree to re-assume the debt.
An agreement between a creditor and a debtor wherein the debtor agrees to continue making payments in return for keeping a piece of property. A common example is when a debtor owes money to a car dealership for a car that the debtor wants to keep. If the car dealer and the debtor enter into a reaffirmation agreement, the debtor may continue to make scheduled payments and thereby keep the car. The court will want to make sure the agreement is fair to the debtor before it approves it.
A written agreement which legally re-obligates a debtor to pay a debt after bankruptcy. Usually given in exchange for allowing the debtor to keep collateral or obtain some other benefit from the creditor.
You can voluntarily agree to pay back any of your debts. If you sign a reaffirmation agreement, it binds you to repaying the debt despite the bankruptcy. In some cases, the Bankruptcy Court Judge must approve the reaffirmation agreement. Reaffirmed debt is not affected by the discharge. If the debtor defaults on the reaffirmation agreement, the creditor may pursue all avenues of collection activity available.
An agreement between a debtor and a creditor that says the debtor will continue to pay a debt even though a bankruptcy discharge entitles them not to pay it. This agreement is usually entered into in order to prevent losing property where the loan used to purchase that property has not yet been paid completely. Signing a reaffirmation agreement can have some significant risks. Your bankruptcy lawyer can advise you whether or not signing a reaffirmation agreement is a good idea given the specific facts of your case.
An agreement that reinstates a previous debt after bankruptcy proceedings are completed.... read full article
an agreement, which is signed by both the debtor and creditor reestablishing a debt, which was severed by the bankruptcy proceeding.
An agreement by a chapter 7 debtor to continue paying a dischargeable debt after the bankruptcy, usually for the purpose of keeping collateral or morgaged property that would otherwise by subject to repossession.
An agreement by a Chapter 7 debtor to continue paying a dischargeable debt after the bankruptcy, usually to keep collateral or mortgaged property that would otherwise be subject to repossession.
An agreement by someone in bankruptcy to continue paying a debt after the bankruptcy. Usually used to keep a car from being repossessed and sold.
A reaffirmation agreement in United States bankruptcy law refers to an agreement made between a creditor and the debtor that waives discharge of a debt that would otherwise be discharged in the pending bankruptcy proceeding. A properly executed, timely filed reaffirmation agreement modifies the discharge such that it is rendered inoperable against the subject debt. Most statutory authority for reaffirmation agreements is codified in section 524(c) of the Bankruptcy Code.