Web1. : to affirm again. 2. : to agree to the payment of (a dischargeable debt) with a creditor prior to the discharge of debts in bankruptcy. reaffirmed her debt in order to keep her car. … WebJun 27, 2024 · Reaffirmation of the mortgage note is a legal contract promising to repay some or all of the loan. Essentially, reaffirmation confirms to the lender that even though you are filing bankruptcy, you ...
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Webreaffirm. (riəfɜrm ) Word forms: reaffirms, reaffirming, reaffirmed. transitive verb. If you reaffirm something, you state it again clearly and firmly. [formal] He reaffirmed his commitment to the country's economic reform program. Synonyms: reiterate [formal], repeat, restate More Synonyms of reaffirm. WebA reaffirmation agreement is a legally-binding document that establishes the legal obligations of a borrower to repay some or all of it during bankruptcy. Entering into an … tsfhc pref z
AMENDMENT NO. 3 To AMENDED AND RESTATED CREDIT …
WebThe meaning of REAFFIRM is to affirm (something) again especially so as to strengthen or confirm. How to use reaffirm in a sentence. ... Share the Definition of reaffirm on Twitter Twitter. Legal Definition. reaffirm. transitive verb. re· af· firm. ˌrē-ə-ˈfərm. 1: to affirm again. 2 WebFeb 10, 2014 · Reaffirming a real estate loan is a pointless and risky thing to do. Reaffirming is agreeing to pay the loan and any deficiency should a foreclosure later take place. Not reaffirming doesn't prevent someone from refinancing, but it may prevent you from refinancing with your current lender. All mortgage companies are more picky than they … WebJun 5, 2013 · Answered on Jun 05th, 2013 at 8:18 PM. You cannot reaffirm any debt after your bankruptcy has been discharged. Bankruptcy law requires any reaffirmation to occur before the discharge is entered. In addition, the only reason to reaffirm is to persuade the mortgage company to report your ongoing payments to the credit bureaus. phil of skiing