Reaffirmation

{
  "id": "MLC-T-LAW-004114",
  "term": "Reaffirmation",
  "field": "Law",
  "definition": "An agreement made by a debtor in a bankruptcy proceeding to continue paying a specific debt that would otherwise be discharged. By reaffirming the debt, the debtor remains legally obligated to pay it, often to retain possession of collateral securing the loan, such as a vehicle. The agreement must be made before the bankruptcy discharge is granted and filed with the court to be legally binding.",
  "url": "https://mlchart.com/terminology/law/reaffirmation/"
}