A Tennessee Reaffirmation Agreement is a document used to reaffirm an existing debt in a bankruptcy filing. It is typically utilized when an individual wishes to keep a secured asset, such as a car or a house, despite filing for bankruptcy. The agreement states that the debtor is reaffirming the debt as valid and agreeing to pay the debt in accordance with the original contract. It must be signed by the debtor, the creditor, and the debtor’s attorney. There are two types of Tennessee Reaffirmation Agreements: voluntary and involuntary. A voluntary agreement is an agreement that is mutually agreed upon by both the debtor and creditor, while an involuntary agreement is one that is imposed on the debtor by the creditor.
Tennessee REAFFIRMATION AGREEMENT
State:
Tennessee
Control #:
TN-SKU-0084
Format:
PDF
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Description
REAFFIRMATION AGREEMENT
A Tennessee Reaffirmation Agreement is a document used to reaffirm an existing debt in a bankruptcy filing. It is typically utilized when an individual wishes to keep a secured asset, such as a car or a house, despite filing for bankruptcy. The agreement states that the debtor is reaffirming the debt as valid and agreeing to pay the debt in accordance with the original contract. It must be signed by the debtor, the creditor, and the debtor’s attorney. There are two types of Tennessee Reaffirmation Agreements: voluntary and involuntary. A voluntary agreement is an agreement that is mutually agreed upon by both the debtor and creditor, while an involuntary agreement is one that is imposed on the debtor by the creditor.
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