A reaffirmation agreement is used to pay any specific debt(s) that otherwise would be discharged in the bankruptcy. After filing the bankruptcy petition, a petitioner may sign a reaffirmation agreement to repay a particular debt, such as an automobile to drive to a place of employment, or may be asked by a creditor to pay a debt. It is a legally enforceable document promising to pay all or a portion of the debt which is filed with the court.
A reaffirmation agreement is made voluntarily and is enforceable when entered with legal advice or court approval and filed with the court. Reaffirmation agrements can be cancelled in certain circumstances such as before the court issues a discharge, or within sixty (60) days from the date the reaffirmation agreement is filed with the bankruptcy court.
