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UNITED STATES BANKRUPTCY COURT DISTRICT OF HAWAIIDebtors Name:))Case No. ))Chapter) Creditors Name and Address:))))))REAFFIRMATION AGREEMENT Instructions:1) Attach a copy of all court judgments, security
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A reaffirmation agreement in Hawaii is a legal document that allows a debtor to reaffirm their obligation to pay a specific debt, typically a secured loan, after filing for bankruptcy.
Debtors who wish to retain certain secured property, such as a car or home, and continue making payments on that debt after bankruptcy are required to file a reaffirmation agreement in Hawaii.
To fill out a reaffirmation agreement in Hawaii, debtors must complete the official form, providing details about the debt, the creditor, and the value of the collateral. Both the debtor and creditor must sign the form, and it may require court approval.
The purpose of a reaffirmation agreement in Hawaii is to allow debtors to retain certain assets while continuing to be legally obligated to pay the associated debts, which helps them rebuild their credit post-bankruptcy.
The reaffirmation agreement must report information such as the names of the debtor and creditor, a description of the debt and collateral, the terms of the agreement, and whether the debtor understands the implications of the reaffirmation.
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