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What is a re-affirmation agreement and do I have to sign it?

April 26, 2017Agreement re-affirmation

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What is a re-affirmation agreement and do I have to sign it?

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If you are filing a Chapter 7 bankruptcy, a re-affirmation is guarantees to a secured creditor to you intend to pay the debt in full. The agreement is drafted by your creditor and presented to us as your Attorney. We advise clients on a case-by-case basis on whether it makes sense to execute a re-affirmation agreement(s) based on their budget and the nature of the debt.