Wisconsin Order on Reaffirmation Agreement (Alt.) is a form used in the state of Wisconsin, which is signed by a debtor in a bankruptcy case to reaffirm a debt that would otherwise be discharged. This order is also referred to as a “reaffirmation agreement” and is an agreement between the debtor and the creditor to keep the obligation to pay the debt alive, even after the bankruptcy case is closed. There are two types of Wisconsin Order on Reaffirmation Agreement (Alt.): voluntary and involuntary. A voluntary agreement is one that is entered into by the debtor voluntarily and is typically used to keep a secured debt, such as a car loan or mortgage, active in order to maintain ownership of the collateral. An involuntary agreement is one that is signed under court order after the creditor has made a motion to reaffirm the debt and the court has determined that the debtor should be held responsible for it. Both types of agreements must be approved by the court before they become legally binding.
Wisconsin Order on Reaffirmation Agreement (Alt.)
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How to fill out Wisconsin Order On Reaffirmation Agreement (Alt.)?
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