Bankruptcy Lawyers Michigan: What is the Purpose of a Reaffirmation Agreement in Chapter 7 Bankruptcy?

Submitted by Anonymous (not verified) on Tue, 12/23/2014 - 02:51
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A reaffirmation agreement is a new contract between a creditor and the debtor(s) in a Chapter 7 Bankruptcy.  Simply put, it is a promise to pay the debt.  The legal document outlines the terms in which the filing debtor(s) agrees to remain liable or legally responsible for a debt that would otherwise be dischargeable in […]
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