reaffirmation agreement

noun

  • Debtor-Creditor
  • Bankruptcy Law

Definitions of reaffirmation agreement

  • a contract that a debtor signs with a creditor after bankruptcy to continue paying a debt that would otherwise be discharged

    Reaffirmation provides a sure way to keep collateral as long as you abide by the terms of the reaffirmation agreement.

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Phrase Bank for reaffirmation agreement

Additional Notes for reaffirmation agreement