A Kentucky Reaffirmation Agreement is an agreement between a debtor and a creditor that allows a debtor to keep certain secured property. This agreement is used when a debtor has filed for bankruptcy in the state of Kentucky and wishes to keep a secured asset, such as their car, furniture, or home. The agreement outlines the terms and conditions that must be met in order for the debtor to keep the asset. There are two types of Kentucky Reaffirmation Agreements: voluntary and involuntary. A voluntary agreement is one in which the debtor has chosen to reaffirm their debt on their own, while an involuntary agreement is one in which the creditor is forcing the debtor to reaffirm their debt. In both cases, the agreement must be approved by the court before it is considered valid.
Kentucky Reaffirmation Agreement
Description
How to fill out Kentucky Reaffirmation Agreement?
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