an agreement between the debtor and the secured creditor that the creditor will not exercise his or her right to take back the asset so long as the debtor makes payments
an agreement between you and the creditor that you will pay all or a portion of the money owed, despite the bankruptcy filing
an agreement to pay a dischargeable debt that meets the requirements of these sections
a promise by the debtor to pay a prepetition debt that is otherwise discharged in bankruptcy
a voluntary agreement, between a debtor and a creditor that the debtor will pay all or a portion of an otherwise dischargeable debt after the debtor has filed bankruptcy
The document secured creditors send us (and we forward to you) for you to sign indicating that you will continue to make your payments. Usually this is for your home or car. Not all creditors use reaffirmations. In any case, it is important to make every payment on time for secured creditors if you intend to keep the asset.
Occurs when the debtor promises to pay a debt after Bankruptcy so he or she can keep personal property which was security for the debt.
An agreement between creditor and debtor in which the debtor voluntarily agrees to repay the debt.
An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.
An agreement in a bankruptcy process to pay back a debt that would otherwise be discharged.