Reaffirming a Debt in Chapter 7 Bankruptcy

To reaffirm a debt means that a debtor agrees to become legally bound to a debt after obtaining a discharge.  Once a debtor reaffirms a debt the creditor has every legal right to solicit payment from the creditor.  If a debtor and creditor agree to what's called a reaffirmation agreement, it must be filed within 60 days of the creditor's 341 meeting.

There are many reasons why a debtor might want to reaffirm a particular debt.  These reasons vary and should be discussed with experienced counsel.  Contact the Fears | Nachawati Law Firm today for a consultation.