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What does it mean to reaffirm a debt in a Chapter 7 Bankruptcy

by freelesson | Jan 4, 2017 | Bankruptcy, Reaffirm

Even though a debtor can voluntarily pay a discharged obligation, the debtor cannot readily revive the obligation to pay it. The process of reviving the obligation is called “reaffirmation” and is governed by 11 U.S.C. §524(c). A reaffirmation agreement is a contract...

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