A Texas Order on Reaffirmation Agreement (Alt.) is a document used in a bankruptcy case in Texas to allow a debtor to reaffirm an existing debt that they have with a creditor. This document is used when a debtor has chosen to reaffirm a debt after filing for bankruptcy and is used to document the agreement between the debtor and the creditor. The document outlines the terms of the agreement and is signed by both the debtor and the creditor. There are two types of Texas Order on Reaffirmation Agreement (Alt.): the Non-Dischargeable Agreement and the Dischargeable Agreement. The Non-Dischargeable Agreement is an agreement where the debt is non-dischargeable and must be paid in full. The Dischargeable Agreement is an agreement where the debt is dischargeable and the creditor agrees to accept a discounted payment from the debtor.
Texas Order on Reaffirmation Agreement (Alt.)
Description
How to fill out Texas Order On Reaffirmation Agreement (Alt.)?
If you’re searching for a way to appropriately prepare the Texas Order on Reaffirmation Agreement (Alt.) without hiring a legal representative, then you’re just in the right spot. US Legal Forms has proven itself as the most extensive and reputable library of official templates for every individual and business situation. Every piece of paperwork you find on our web service is created in accordance with nationwide and state laws, so you can be certain that your documents are in order.
Follow these straightforward guidelines on how to get the ready-to-use Texas Order on Reaffirmation Agreement (Alt.):
- Make sure the document you see on the page corresponds with your legal situation and state laws by checking its text description or looking through the Preview mode.
- Enter the document name in the Search tab on the top of the page and choose your state from the dropdown to locate an alternative template if there are any inconsistencies.
- Repeat with the content verification and click Buy now when you are confident with the paperwork compliance with all the demands.
- ​Log in to your account and click Download. Create an account with the service and select the subscription plan if you still don’t have one.
- Use your credit card or the PayPal option to pay for your US Legal Forms subscription. The document will be available to download right after.
- Choose in what format you want to get your Texas Order on Reaffirmation Agreement (Alt.) and download it by clicking the appropriate button.
- Add your template to an online editor to fill out and sign it rapidly or print it out to prepare your paper copy manually.
Another great advantage of US Legal Forms is that you never lose the paperwork you purchased - you can pick any of your downloaded templates in the My Forms tab of your profile whenever you need it.
Form popularity
FAQ
1. I will have reaffirmed the excess loan amount that I received only after I sign and return this form to my loan holder and it is processed. 2. After I have reaffirmed the excess loan amount, my school will determine what types and amounts of federal student financial aid I am eligible to receive.
Creditors frequently do not automatically generate reaffirmation agreements. Sometimes creditors may not even file a reaffirmation agreement even after you have signed and returned the agreement to them.
Reaffirming a mortgage debt requires a comprehensive multi-page reaffirmation agreement that must be filed with the court. The reaffirmation agreement also requires the debtor's bankruptcy attorney to indicate that he or she has read the agreement and that it does not impose any undue hardship on the client.
If the reaffirmation agreement is not filed with the bankruptcy court prior to the discharge date, it may be ineffective and the bankruptcy court can deny approval of the reaffirmation agreement altogether.
If you want to request a reaffirmation agreement, you must agree after filing for bankruptcy but before any collateral is discharged to the lender. An agreement is filed by submitting a Statement of Intent to the court. Then, you must also send the Statement of Intent to the lender.
No creditor can make you reaffirm a debt. This is because a reaffirmation goes against the most basic upside of filing bankruptcy: the fresh start. You cannot be sent to collections, sued, or garnished on a debt that was discharged in bankruptcy.
If a debtor signs a reaffirmation agreement, the debtor agrees to pay a debt that otherwise might be discharged in his or her bankruptcy case.
You or your creditor must file with the court the original of this Reaffirmation Documents packet and a completed Reaffirmation Agreement Cover Sheet (Official Bankruptcy Form 27).