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Bankruptcy Reaffirmation Agreements – The Good, The Bad, and The Ugly

Bankruptcy Reaffirmation Agreements – The Good, The Bad, and The Ugly

From a Debtor’s perspective, there is nothing good about a Reaffirmation Agreement, they are generally bad and can turn ugly! Under the United States Bankruptcy Code, a debtor, with respect to personal property, such as an automobile, must elect to either surrender the collateral to the creditor or reaffirm the debt with the creditor.
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