What is a Reaffirmation? – NJ Bankruptcy Glossary

Definition of the NJ Bankruptcy Term – Reaffirmation


an agreement by a Chapter 7 debtor to continue paying a dischargeable debt after a bankruptcy proceeding, usually to keep collateral that would otherwise be subject to repossession

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Note: the above definition of Reaffirmation was written in a simplified form for non-lawyers and may require a legal interpretation of how Reaffirmation may impact your bankruptcy filing.