Get Reaffirmation Agreement Cover Sheet - Mnb Uscourts

Filling out the Reaffirmation Agreement Cover Sheet is an essential step in the bankruptcy process. This guide provides clear, step-by-step instructions to assist you in accurately completing this form online.

Follow the steps to effectively complete the Reaffirmation Agreement Cover Sheet.

1. Click ‘Get Form’ button to access the Reaffirmation Agreement Cover Sheet and open it in your preferred editor.
2. In the first section, provide the creditor’s name. This is essential as it identifies the party to whom the debt is owed.
3. Next, indicate the amount of the debt. You will need to fill in the amount owed on the date of bankruptcy and the amount to be paid under the reaffirmation agreement.
4. Fill in the annual percentage rate of interest, detailing the rate prior to bankruptcy and the rate under the reaffirmation agreement. Specify whether the rate is fixed or adjustable.
5. If applicable, provide the repayment terms for fixed-rate debts, including the monthly payment amount and the total number of months for repayment.
6. Specify any collateral securing the debt, along with its current market value and a description of the collateral.
7. Indicate whether the creditor claims that the debt is nondischargeable. If you answer 'yes,' attach a declaration justifying this assertion.
8. Proceed to fill out the debtor’s income and expenses as stated on the reaffirmation agreement, including total monthly income and expenses.
9. Provide an explanation for any discrepancies between income and expense amounts as required.
10. Finalize by checking if the total net monthly income is less than zero, which may trigger a presumption of undue hardship, and ensure to explain the sources of funds available for payments.
11. If applicable, indicate if the debtor was represented by counsel during negotiations and ensure necessary signatures are provided.
12. You can now save changes, download, print, or share the completed form as needed.

Complete your Reaffirmation Agreement Cover Sheet online today to ensure timely submission.