Reaffirmation Agreement
Agreement to continue paying a specific debt after Chapter 7 bankruptcy, typically used to keep a car or other secured property.
Instructions
File on Official Form 240A. The agreement must be entered into before the discharge is entered. It must include the debtor's income and expense information showing ability to make payments. The agreement must be in the debtor's best interest. If the debtor is not represented by an attorney, the court must approve the reaffirmation at a hearing. The debtor has 60 days after filing to rescind the agreement. Consider whether reaffirmation is truly in your interest — redemption or surrender may be better options.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.