Reaffirmation agreements only pertain to Chapter 7 bankruptcies. Occasionally, a creditor will want you to sign a reaffirmation agreement. Most car companies make the request for their car loans. Essentially, it is a contract that you sign after you file a Chapter 7 that legally binds you to the original or modified terms of the original contract. It will survive your bankruptcy as if you had never petitioned for protection. We normally do not recommend that you sign reaffirmation agreements but just continue making payments on your car loan or home loan. By not signing the agreement, you can retain the ability to surrender the vehicle without any obligations, even after the bankruptcy is finished.

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