Reaffirmation


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Reaffirmation

An agreement in which a borrower agrees to continue to be obliged to repay a debt, even if it otherwise would be discharged in bankruptcy. The reaffirmation must be signed before the debt is discharged. It is often used if a debtor wishes to maintain ownership of an asset, such as a car, that secures the reaffirmed debt.
References in periodicals archive ?
Project Need : Standards reaching 5 year anniversary with ANSI and being used in industry, needing reaffirmation
BAPCPA also increased the cost of reaffirmation by imposing new
The following is from Chapter II of our book, Reaffirmation Agreements In Consumer Bankruptcy Cases.
If a revision is planned, the reaffirmation recommendation should reflect the length of time anticipated for its development and approval, customarily one or two years.
We welcomed the reaffirmation by the Japanese monetary authorities of their intention to conduct policies appropriately in view of their concern, which we share, about the potential impact of yen appreciation for the Japanese economy and the world economy," the G-7 said in its communique.
Sears and several others retailers, including Federated Department Stores, which owns Macy's, Bloomingdale's, Stern's and Montgomery Ward, recently ran afoul of the law by failing to file reaffirmation agreements.
Though an obvious departure from wedding-album fare, these photos offer little in terms of either a critique or a reaffirmation of those rituals.
Reaffirmation from federal officials that they will mail controversially explicit AIDS brochures to all U.
It is a reaffirmation of Wipro's belief that the next level of delivering value to our global customers will come from identifying solutions that have been traditionally delivered from a single location and delivering these on global delivery model using innovative tools and technologies.
Name : Reaffirmation of HL7 Version 3: Medical Records; Data Access Consent, Release 1
The reaffirmation of ABG's ratings yet again is a significant achievement especially during the economically and politically challenging environment at present in the region and around the world," said ABG chairman Shaikh Saleh Abdullah Al Kamel.
But underlying the expected reaffirmation of the drivers is the emergence of new models and approaches, including the concept of real options which combines the valuation of assets with a financially predictable way of developing a facility and later converting the way it's used without having to build again.