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Form B240 3/99 REAFFIRMATION AGREEMENT UNITED STATES BANKRUPTCY COURT Western District of Louisiana Debtor s Name Bankruptcy Case No. Chapter Creditor s Name and Address Instructions: I) Attach a
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What is reaffirmation agreement united states?
A reaffirmation agreement in the United States is a legal contract that permits a debtor to reaffirm a debt owed to a creditor.
Who is required to file reaffirmation agreement united states?
Debtors who wish to retain possession of certain assets, such as a car or a home, and continue making payments on the debt are required to file a reaffirmation agreement in the United States.
How to fill out reaffirmation agreement united states?
To fill out a reaffirmation agreement in the United States, debtors must complete the necessary paperwork provided by the creditor, obtain legal advice if needed, and file the agreement with the bankruptcy court.
What is the purpose of reaffirmation agreement united states?
The purpose of a reaffirmation agreement in the United States is to allow debtors to keep certain assets secured by a debt in exchange for continuing to make payments on the debt.
What information must be reported on reaffirmation agreement united states?
Reaffirmation agreements in the United States must include the amount of debt being reaffirmed, the terms of repayment, the debtor's income and expenses, and a statement of the debtor's ability to make the payments.
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