MLchartDataset catalogue

Reaffirmation agreement

Term · Law · MLC-T-LAW-000189

An agreement, typically between a Chapter 7 debtor and a secured creditor, under which the debtor agrees to continue paying a dischargeable debt (such as an auto loan) after the bankruptcy, in exchange for being able to keep collateral (i.e. the car) that would otherwise be subject to repossession.

Table 1. Record
IdentifierMLC-T-LAW-000189
FieldLaw
ReferencesU.S. Courts Glossary of Legal Terms
Record as JSON 
{
  "id": "MLC-T-LAW-000189",
  "term": "Reaffirmation agreement",
  "field": "Law",
  "definition": "An agreement, typically between a Chapter 7 debtor and a secured creditor, under which the debtor agrees to continue paying a dischargeable debt (such as an auto loan) after the bankruptcy, in exchange for being able to keep collateral (i.e. the car) that would otherwise be subject to repossession.",
  "references": [
    "U.S. Courts Glossary of Legal Terms"
  ],
  "url": "https://mlchart.com/terminology/law/reaffirmation-agreement/"
}

Record 189 of 241 in Law terminology (MLC-0107). Request the full dataset.