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How to Redeem Your Car in a Chapter 7 Bankruptcy from Reaffirmation Agreement Chapter 7 , image source: https://www.thebalance.com/thmb/3Ep1PslgJZwij_C7-bzu-6HqwPU=/2731×3647/filters:fill(auto,1)/82721650-56a067113df78cafdaa16bd1.jpg
24 Luxury Reaffirmation Agreement Chapter 7
. reaffirmation agreements information for chapter 7 debtors at the beginning of the case a chapter 7 debtor with secured debt is required to file a “chapter 7 individual debtor’s statement of intention ” reaffirming secured debt in chapter 7 bankruptcy in chapter 7 bankruptcy one way to keep the property is to reaffirm the debt you and the lender will enter into a reaffirmation agreement and file it with the court generally you can only reaffirm debt if your equity in the collateral is exempt reaffirmation agreements in chapter 7 bankruptcy san what is a reaffirmation agreement the purpose of a reaffirmation agreement is simple it gives a creditor the ability to sue you in the future even if you obtained a discharge in a chapter 7 bankruptcy reaffirmation agreements in chapter 7 bankruptcy except for certain types of debt that survive bankruptcy such as back taxes and child support obligations most of your debts will be discharged wiped out at the end of your chapter 7 bankruptcy case how a reaffirmation agreement works in a chapter 7 a reaffirmation agreement between the debtor and a creditor works by waiving the discharge of a particular debt that would otherwise be discharged in the pending chapter 7 bankruptcy