Which of the following is NOT required for a reaffirmation of debt?
A) The reaffirmation agreement is made after the debt is discharged
B) The reaffirmation agreement is made before the debt is discharged
C) The debtor must be able to cancel the agreement
D) The agreement must contain explicit information regarding the time period in which the debtor can cancel the agreement.
E) The agreement should contain a statement notifying the creditor that the law does not require the agreement.

Question

Quizplus · Accepted Answer

A reaffirmation of debt must be made before the debt is discharged, not after. The process is designed to allow a debtor to keep certain assets by agreeing to continue paying the debt despite the bankruptcy discharge.

Which of the Following Is NOT Required for a Reaffirmation