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SourceLaw Dictionary Browse Letter R

Reaffirmation Agreement

Legal definition for Indian law research

Definition

reaffirmation agreement


An agreement by a chapter 7 debtor to continue paying a dischargeable debt (such as an auto loan) after the bankruptcy, usually for the purpose of keeping collateral (i.e. the car) that would otherwise be subject to repossession.



Source: Administrative Office of the U.S. Courts


Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.

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