This form, a Reaffirmation Agreement, is for use in a federal bankruptcy proceeding in the designated state and district. Available in Word or pdf format.
This form, a Reaffirmation Agreement, is for use in a federal bankruptcy proceeding in the designated state and district. Available in Word or pdf format.
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A reaffirmation agreement needs to be filed with the court to show written acceptance of the new debt. These agreements are generally drafted and filed by counsel for the creditor.
When making an offer on a reaffirmation agreement, ask the lender to reduce the loan balance and the interest rate. Remember, this is a negotiation. You can expect the lender to come back with a counter offer. So, make your starting offer lower than the amount you are really willing to pay.
A reaffirmation agreement is a form that Direct Lending sends to you to let you know that you have been inadvertently over-awarded in Federal Direct Subsidized or Unsubsidized aggregate loan limit totals.
An executed reaffirmation agree- ment may be filed by any party, including the debtor or a creditor. It must be filed within 60 days after the first date set for the first meeting of creditors in the bankruptcy case unless the deadline is extended by the bankruptcy court.