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New York Debtor Loss Mitigation Affidavit

Category:
New York Bankruptcy - Official - Southern District
State:
New York
Control #:
NY-BKR-306S
Format:
PDF
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Description

Debtor Loss Mitigation Affidavit The New York Debtor Loss Mitigation Affidavit is a document used by creditors and debtors in New York to negotiate a settlement to resolve a debt. It is typically used in situations where the debtor is unable to pay the full amount of the debt and the creditor is willing to accept a reduced amount. The affidavit is a statement of the debtor's financial situation, including their income, expenses, and assets. The debtor must sign the affidavit, affirming that the information provided is true and accurate. There are two types of New York Debtor Loss Mitigation Affidavit: the voluntary and the involuntary. The voluntary affidavit is signed by the debtor and is used when the debtor is willing to negotiate a settlement with the creditor. The involuntary affidavit is signed by the creditor and is used when the debtor is unwilling to negotiate a settlement. Both types of affidavits must be completed and signed in the presence of a notary public.

The New York Debtor Loss Mitigation Affidavit is a document used by creditors and debtors in New York to negotiate a settlement to resolve a debt. It is typically used in situations where the debtor is unable to pay the full amount of the debt and the creditor is willing to accept a reduced amount. The affidavit is a statement of the debtor's financial situation, including their income, expenses, and assets. The debtor must sign the affidavit, affirming that the information provided is true and accurate. There are two types of New York Debtor Loss Mitigation Affidavit: the voluntary and the involuntary. The voluntary affidavit is signed by the debtor and is used when the debtor is willing to negotiate a settlement with the creditor. The involuntary affidavit is signed by the creditor and is used when the debtor is unwilling to negotiate a settlement. Both types of affidavits must be completed and signed in the presence of a notary public.

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