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B240AB ALT Form 240AB ALT Reaffirmation Agreement 0410

B240AB ALT Form 240AB ALT Reaffirmation Agreement 0410

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reaffirmation agreements in bankruptcy the primary thrust of Chapter seven bankruptcy cases is to deal with consumer debts in such a manner as to ultimately discharge him ie eliminate the obligation to pay certain types of debt and get a financial fresh start well not all debts are subject to discharge many of them primarily consumer debts are there are some circumstances where a debtor opts to continue to serve a certain debts that may be otherwise dischargeable in Chapter seven bankruptcy proceedings being involved in a bankruptcy case does not prevent a debtor from voluntarily agreeing to paying a debt that would otherwise be dischargeable in the case when a debtor agrees to pin otherwise dischargeable debt the transaction is contractual to have a binding contract in such an instance the debtor and creditor enter into a reaffirmation agreement whereby the debtor reaffirms his or her intention and willingness to pay what is owed the creditor on the other side of the agreement why pay

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