Reaffirmation agreements enable you to keep certain assets through an approved payment plan. Learn more about reaffirmation agreements and how they can help you keep what is most important to you.
What Is a Reaffirmation Agreement?
Even if a debt can be discharged, you may have special reasons why you want to promise to pay it. For example, you may want to work out a plan with the bank to keep your car. To promise to pay that debt, you must sign and file a reaffirmation agreement with the court. Reaffirmation agreements are under special rules and are voluntary. They are not required by bankruptcy law or by any other law. Reaffirmation agreements–
- must be voluntary;
- must not place too heavy a burden on you or your family;
- must be in your best interest; and
- can be canceled anytime before the court issues your discharge or within 60 days after the agreement is filed with the court, whichever gives you the most time.
Is a Reaffirmation Agreement Right for You?
Our bankruptcy litigation team will work with you to determine whether a reaffirmation agreement makes sense for you. Contact us today to schedule your free consultation.
