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Yes. You can cancel (or rescind) your reaffirmation agreement, even if a judge has already approved it. NOTE: WE STRONGLY RECOMMEND THAT YOU SPEAK WITH AN ATTORNEY TO ADVISE YOU ABOUT THE CONSEQUENCES OF CANCELLING A REAFFIRMATION AGREEMENT IN YOUR CASE.

CHAPTER 7 BANKRUPTCY: RESCINDING REAFFIRMATION AGREEMENT This means that your mortgage debt will not be discharged in the bankruptcy and you will be liable for the debt. But it also means that you will get to continue living in your house.

When you reaffirm a debt, it means you enter into an agreement with your lender to continue to making payments on the account rather than including it in your bankruptcy.

The reaffirmation hearing Your personal liability on a secured debt that isn't reaffirmed will be discharged. Even if you default on payments later, the creditor won't be able to come after you for a deficiency balance.

If the Court denies the reaffirmation agreement, you are in technical default again. This is part of the trade2010off between Chapters 7 and 13. In exchange for a quick, efficient, inexpensive discharge of your debts, you give up control over the actions of creditors.

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Canceling a reaffirmation agreement. Not reaffirm a debt that the debtor cannot afford.A reaffirmation agreement binds the debtor with personal liability for the debt. Yes, you have 60 days to rescind a Reaffirmation Agreement, if the court approved it but you subsequently changed your mind.

Motion To Rescind Reaffirmation Agreement

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Can I cancel a reaffirmation agreement?

What is reaffirmation of debt rescinded?

What does reaffirmed debt mean?

What happens if you default on a reaffirmation agreement?

What happens if a reaffirmation agreement is denied?

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What is a motion to rescind a reaffirmation agreement?

When can I file a motion to rescind a reaffirmation agreement in Tennessee?

Why would I want to file a motion to rescind a reaffirmation agreement?

How do I file a motion to rescind a reaffirmation agreement in Tennessee?

Do I need to attend a court hearing for my motion to rescind a reaffirmation agreement?

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Can I file a motion to rescind a reaffirmation agreement on my own, or do I need legal representation?

Is there a time limit to file a motion to rescind a reaffirmation agreement in Tennessee?

Will filing a motion to rescind a reaffirmation agreement affect my bankruptcy case?

What should I do if my motion to rescind a reaffirmation agreement is denied?

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