A Vermont Order on Reaffirmation Agreement is a document that is used to reaffirm an existing consumer debt after a bankruptcy filing. It is a binding agreement between the debtor and creditor that allows the creditor to continue collecting the underlying debt. The Vermont Order on Reaffirmation Agreement must be approved by the court before it can be enforced. There are two types of Vermont Order on Reaffirmation Agreement: voluntary and compulsory. A voluntary agreement is one in which the debtor voluntarily decides to reaffirm the debt, and the court will approve the agreement if it is found to be in the debtor’s best interests. A compulsory agreement is one in which the creditor demands that the debtor reaffirm the debt, and the court will typically not approve the agreement unless it is in the debtor’s best interests.
A Vermont Order on Reaffirmation Agreement is a document that is used to reaffirm an existing consumer debt after a bankruptcy filing. It is a binding agreement between the debtor and creditor that allows the creditor to continue collecting the underlying debt. The Vermont Order on Reaffirmation Agreement must be approved by the court before it can be enforced. There are two types of Vermont Order on Reaffirmation Agreement: voluntary and compulsory. A voluntary agreement is one in which the debtor voluntarily decides to reaffirm the debt, and the court will approve the agreement if it is found to be in the debtor’s best interests. A compulsory agreement is one in which the creditor demands that the debtor reaffirm the debt, and the court will typically not approve the agreement unless it is in the debtor’s best interests.
