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 ?
However, a portion of the reaffirmed accounts may be present in the Master Trust as pre-bankruptcy petition accounts.
DCR reaffirmed the claims paying ability ratings of Commonwealth Life Insurance Company and Peoples Security Life Insurance Company at 'AA+' (Double A-Plus) and the insurers' commercial paper ratings at 'D-1+' (One Plus).
In a meeting held at Lancaster City Hall, the Governor's Commission on a Southern California Veterans Home unanimously reaffirmed Lancaster and Chula Vista as the next sites for veterans homes.
The company reaffirmed its earnings guidance for 2006, as most recently updated in connection with the third quarter earnings release, of a range from $1.
Ted) Lawson, Chairman, CEO, and President, said, "Guidance for calendar year 2006 is hereby reaffirmed at $3.
Tenders are invited for Energy Efficient Fluorescent Tube Light Eeftl Fitting Indoor, Box Type, Shall Be Complete But Without Lamp With Electronic Ballast Separate Unit For Each Lamp To Be Used And Lamp Holder G5 Cap Base Duly Wired, Ready To Use Suitable For Double T5 2X28 W Lamp Of Preheated Cathode Type To Be Operated On 230V , 50 Hz, Single Phase Ac Supply And Conform To Is: 10322 Part 5 Section 1/1985 Reaffirmed 2005 .
has removed Greyhound Financial Corporation's (Financial) senior and subordinated debt ratings from Rating Watch -- Down and reaffirmed them.
In a separate matter, the Federal Energy Regulatory Commission reaffirmed PNM's market-based rate authority in the utility's control area.
Is: 1943-1995 reaffirmed 2006 seam & safety stitches to be done by using two strand of 3- ply jute twine & two ply jute twine respectively, (30 kg capacity ).
Lowered To 'AA+' And Removed From Rating Watch--Down Aetna Life Insurance Company Claims Paying Ability Rating Of 'AA' Remains On Rating Watch--Down Aetna Life and Casualty Company Senior Debt Rating Reaffirmed At 'A+' Commercial Paper Rating Reaffirmed At "D-1' Aetna Capital L.
The company said it was encouraged by the robust response to its new plan offerings, made possible by the 2003 Medicare Modernization Act, and reaffirmed its 2006 guidance for Medicare membership and earnings per share.
has reaffirmed the outstanding ratings of Transamerica Corp.