What Is A Reaffirmation Agreement

My name is Jonathan Simon. I'm a licensed attorney in Arizona, practicing bankruptcy with the Bornmann Law Group. I'm here to answer all your bankruptcy needs and questions.

A Reaffirmation Agreement is a written contract signed and filed with the Court, which allows you to keep secured property even after your Chapter 7 Bankruptcy debts are discharged. So, if you have a car that you are looking to keep, keep the car and payments on. Even after your debts are discharged within the Chapter 7, if you sign a Reaffirmation Agreement with your lender, you can keep the car that you have and not worry about having your car repossessed or being delinquent on the payments.

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