Reaffirmation agreement Totally Explained

Everything about Reaffirmation Agreement totally explained

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's rendered inoperable against the subject debt. Most statutory authority for reaffirmation agreements is codified at (c).

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