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Bankruptcy

: The Debt Podcast

Why Would I Ever Sign a Reaffirmation Agreement?

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A reaffirmation agreement breaths life back into a debt that could have been discharged in a Chapter 7 bankruptcy.  Such agreements are often made to protect a house or vehicle.  Essentially, the debtor is forfeiting bankruptcy protection in exchange for the creditor promising not to repossess the property. It seems straightforward enough.  A client gets to keep his [...]

Full post as published by The Debt Podcast on January 22, 2010 (boomark / email).

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