reaffirmation

reaffirmation
index recital, restatement

Burton's Legal Thesaurus. . 2006


reaffirmation
An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.
Category: Bankruptcy, Foreclosure & Debt → Bankruptcy

Nolo’s Plain-English Law Dictionary. . 2009.

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Look at other dictionaries:

  • réaffirmation — ● réaffirmation nom féminin Action de réaffirmer ; fait d être réaffirmé. ⇒RÉAFFIRMATION, subst. fém. Action de réaffirmer; résultat de cette action. A. Peu usité. Action de (se) mettre de nouveau en relief, en évidence, avec une intensité, un… …   Encyclopédie Universelle

  • reaffirmation — [spelling only] …   English World dictionary

  • Reaffirmation — Reaffirmance Re af*firm ance (r[=e] [a^]f*f[ e]rm ans), Reaffirmation Re*af fir*ma tion (r[=e]*[a^]f f[ e]r*m[=a] sh[u^]n), n. A second affirmation. [1913 Webster] …   The Collaborative International Dictionary of English

  • reaffirmation agreement — An agreement by a chapter 7 debtor to continue paying a dischargeable debt after the bankruptcy, usually for the purpose of keeping collateral or mortgaged property that would otherwise be subject to repossession (SA Bankruptcy.com) A bankruptcy… …   Glossary of Bankruptcy

  • reaffirmation hearing — see hearing Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • reaffirmation agreement — USA A Chapter 7 debtor s agreement to continue paying a dischargeable debt after a bankruptcy. This usually happens to prevent repossession of collateral. Practical Law Dictionary. Glossary of UK, US and international legal terms.… …   Law dictionary

  • Reaffirmation agreement — A reaffirmation agreement in United States bankruptcy law refers to an agreement made between a creditor and the debtor that waives discharge of a debt that would otherwise be discharged in the pending bankruptcy proceeding. A properly executed,… …   Wikipedia

  • reaffirmation — n. * * * …   Universalium

  • reaffirmation — noun An act of reaffirming; a second or subsequent affirmation …   Wiktionary

  • Reaffirmation — An agreement made between a debtor and a creditor to repay some or all of a debt. Reaffirmations are made on a purely voluntary basis by the debtor. The bankruptcy code stipulates that the debtor s attorney must file a statement with the court… …   Investment dictionary

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