May 22, 2019

Reaffirmation in Bankruptcy: What, How, When and Why

The goal in any bankruptcy case is to discharge debts. Discharge is the technical legal term that means the debts no longer exist. Literally, they are gone and can never come back. An exception to discharge can come in the form of the reaffirmation of a particular debt. Reaffirmation means that the debt is excepted from the discharge and is not affected by the bankruptcy discharge. Reaffirmation … [Read more...]