B2400C ALT Order on Reaffirmation Agreement (Alt
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B2400C ALT (Form 2400C ALT) (12/15)
United States Bankruptcy Court
____________________District of _____________________
In re _______________________________, Case No.________________
Debtor Chapter ________
ORDER ON REAFFIRMATION AGREEMENT
The debtor(s) _______________________ has (have) filed a motion for approval of
(Name(s) of debtor(s))
the reaffirmation agreement dated _____________________ made between the debtor(s) and
(Date of agreement)
___________________________. The court held the hearing required by 11 U.S.C. § 524(d)
(Name of creditor)
on notice to the debtor(s) and the creditor on _____________________.
(Date)
COURT ORDER:G The court grants the debtor’s motion under 11 U.S.C. § 524(c)(6)(A)
and approves the reaffirmation agreement described above as not
imposing an undue hardship on the debtor(s) or a dependent of the
debtor(s) and as being in the best interest of the debtor(s).
G The court grants the debtor’s motion under 11 U.S.C. § 524(k)(8)
and approves the reaffirmation agreement described above.
G The court does not disapprove the reaffirmation agreement under
11 U.S.C. § 524(m).
G The court disapproves the reaffirmation agreement under
11 U.S.C. § 524(m).
G The court does not approve the reaffirmation agreement.
BY THE COURT
Date: __________________ _______________________________
United States Bankruptcy JudgeRelevant article from our knowledge database The agreement gives you the ability to take on your previous debt and it's given by the bankruptcy court. Reaffirmation agreements are generally just employed for obligations where the creditor has a security interest in the merchandise and you truly require the item (like vehicle) to have the ability to function or work. In many cases, however, we don't advise filing a reaffirmation agreement.
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Folks usually purchase from the folks and companies they trust or that their buddies or family trust. If your organization is not able to reach its target sales for many years, odds are your organization might close sooner or later. If you operate your own company, it is a very good time to reconsider your advertising strategy and the kind of clients you prefer to attract.
People today file for bankruptcy since they lose work, they have high medical bills, their residence is devalued on account of the economy, absence of suitable educational training, family problems and for different explanations. There are a few other debts that the debtor might still be able asked to pay. Many times they will not unless the lending company supplies a lower rate of interest rate, a balance reduction, or various other means to assist you repay the debt.