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Tag: Reaffirmation Agreement

What is a reaffirmation agreement?

Posted on May 10, 2009 in Bankruptcy procedures, BAPCPA, Chapter 13, Chapter 7

If you are buying something on credit, like a car or a house, this is called a secured debt. In bankruptcy, you need to make choices about your secured debt. Here’s a brief explanation of your options.

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What is a reaffirmation agreement?

Posted on Mar 30, 2009 in Bankruptcy procedures, Chapter 13, Chapter 7

Reaffirmation means that you intend to continue paying the secured debt just as before. More importantly, it means that you agree to be liable on the debt personally, just as you were before the bankruptcy.

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