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  • B2400a (form 2400a) (12/15) - Azb Uscourts

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B2400A (Form 2400A) (12/15) Check one. Presumption of Undue Hardship No Presumption of Undue Hardship See Debtors Statement in Support of Reaffirmation, Part II below, to determine which box to check.

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How to fill out the B2400A (Form 2400A) (12/15) - Azb Uscourts online

Filling out the B2400A (Form 2400A) is an important process in reaffirming a debt after bankruptcy. This guide provides clear, step-by-step instructions to help you navigate each section of the form effectively and confidently.

Follow the steps to accurately complete your B2400A form online.

  1. Click the ‘Get Form’ button to access the B2400A form and open it in your preferred editor.
  2. Identify whether you select 'Presumption of Undue Hardship' or 'No Presumption of Undue Hardship' at the top of the form. Refer to the debtor’s statement in Part II to help clarify your choice.
  3. Fill in the 'In re' section with your name and case number. Include the chapter of bankruptcy applicable to your case.
  4. In the 'Reaffirmation Agreement' section, state the name of the creditor and check the box if it is a credit union.
  5. Provide a brief description of the original agreement you are reaffirming, like an auto loan.
  6. Indicate the 'Amount Reaffirmed,' which should encompass unpaid principal, interest, and any fees up to the date of signing.
  7. Clarify the 'Annual Percentage Rate' applicable to the Amount Reaffirmed and check whether it is a fixed or variable rate.
  8. Outline the repayment terms, detailing monthly payments, duration, or other conditions.
  9. Describe the collateral securing the debt and its current market value.
  10. Answer if the debt arose from the purchase of the described collateral. If applicable, detail both the purchase price and original loan amount.
  11. Summarize the changes in credit terms as a result of the reaffirmation agreement, comparing pre- and post-reaffirmation details.
  12. Complete the 'Debtor’s Statement in Support of Reaffirmation Agreement,' indicating whether you had legal representation and if the creditor is a credit union.
  13. Finalize the form with signatures dated appropriately. If there is a joint debtor, ensure both parties sign.
  14. After completion, save your changes in the editor, and proceed to download or print the form for submission.

Complete your reaffirmation document online today to ensure accurate processing.

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B2400A (Form 2400A) (12/15). UNITED STATES BANKRUPTCY COURT. ______ District of ______. In...
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To reaffirm a car loan, you must be able to show the court that the vehicle is necessary and that the payment is reasonable. You must also demonstrate that the car payment isn't an undue hardship on your household and that you'd be able to afford the necessities of life.

A reaffirmation agreement is an agreement between a chapter 7 debtor and a creditor that the debtor will pay all or a portion of the money owed, even though the debtor has filed bankruptcy. In return, the creditor promises that, as long as payments are made, the creditor will not repossess or take back its collateral.

When a person files for bankruptcy, they do so in order to be relieved of a debt burden they cannot pay. By entering into a reaffirmation agreement, a borrower often maintains possession of an asset held as collateral such as a home or a car, as long as they can fully repay the debt owed on that particular loan.

Reaffirmation is an agreement by a debtor, to a lender, to repay some or all of their debt. Debtors make reaffirmation agreements purely voluntarily. When a borrower reaffirms a debt, this is noted by credit reporting agencies, which then register that the person will make regular on-time payments.

Agreeing to repay the excess loan amount in ance with the terms of the promissory note is called “reaffirmation.” You can reaffirm an excess loan amount by signing a reaffirmation agreement with your loan servicer.

Occasionally, a Chapter 13 debtor wishes to or is asked to reaffirm a debt which has been discharged following the successful completion of a case. You do not have to reaffirm any discharged debts.

Reaffirming your mortgage means a new promise to repay the debt and committing to making your payments on time. Make sure you can afford the payments before you agree to reaffirm the debt.

Secured creditors ask debtors to reaffirm their personal obligations on secured debts so that if a debtor retains the property and subsequently defaults on the loan, the lender can repossess the property and can sue the debtor personally for any amount that resale did not cover.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232