The Virginia Cover Sheet for Reaffirmation and Reaffirmation Agreement is a document used in Virginia state courts to inform the court of the terms and conditions of a reaffirmation agreement. A reaffirmation agreement is a document by which a debtor in bankruptcy agrees to continue making payments on a certain debt despite the fact that the debt may have been discharged in bankruptcy. The Virginia Cover Sheet for Reaffirmation and Reaffirmation Agreement must be filed with the court in order to reaffirm the debt. The Virginia Cover Sheet for Reaffirmation and Reaffirmation Agreement includes the following information: the names of the parties to the agreement; the date of the agreement; the name of the creditor; a brief description of the debt; the terms of the agreement; and the signatures of the parties to the agreement. There are two types of Virginia Cover Sheet for Reaffirmation and Reaffirmation Agreement: the Virginia Cover Sheet for Reaffirmation Agreement and the Virginia Cover Sheet for Reaffirmation of Personal Property.
Virginia Cover Sheet for Reaffirmation and Reaffirmation Agreement
Description
How to fill out Virginia Cover Sheet For Reaffirmation And Reaffirmation Agreement?
Preparing legal paperwork can be a real stress unless you have ready-to-use fillable templates. With the US Legal Forms online library of formal documentation, you can be confident in the blanks you obtain, as all of them correspond with federal and state laws and are verified by our specialists. So if you need to prepare Virginia Cover Sheet for Reaffirmation and Reaffirmation Agreement, our service is the perfect place to download it.
Getting your Virginia Cover Sheet for Reaffirmation and Reaffirmation Agreement from our catalog is as easy as ABC. Previously registered users with a valid subscription need only sign in and click the Download button after they locate the correct template. Afterwards, if they need to, users can use the same blank from the My Forms tab of their profile. However, even if you are unfamiliar with our service, signing up with a valid subscription will take only a few moments. Here’s a quick guide for you:
- Document compliance verification. You should attentively review the content of the form you want and check whether it suits your needs and fulfills your state law requirements. Previewing your document and reviewing its general description will help you do just that.
- Alternative search (optional). Should there be any inconsistencies, browse the library using the Search tab on the top of the page until you find an appropriate template, and click Buy Now when you see the one you need.
- Account creation and form purchase. Register for an account with US Legal Forms. After account verification, log in and select your most suitable subscription plan. Make a payment to proceed (PayPal and credit card options are available).
- Template download and further usage. Select the file format for your Virginia Cover Sheet for Reaffirmation and Reaffirmation Agreement and click Download to save it on your device. Print it to complete your papers manually, or take advantage of a multi-featured online editor to prepare an electronic version faster and more effectively.
Haven’t you tried US Legal Forms yet? Sign up for our service now to obtain any formal document quickly and easily whenever you need to, and keep your paperwork in order!
Form popularity
FAQ
For example, if a replacement used car costs $5,000 at a 5% interest rate and the reaffirmation agreement would require the debtor to pay $6,000 at a 5% interest rate or $5,000 at a 6% interest rate, then the debtor should not enter into the reaffirmation agreement.
To ensure that creditors do not defraud their debtors, reaffirmation agreements must be: In writing; Filed with the court; and. Certified by the debtor's attorney.
Can you file a reaffirmation agreement after discharge? Once a discharge order has been entered in your bankruptcy case, you can no longer reaffirm any of the debts included in the discharge agreement. The same goes for if your case has been closed by the court.
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.
Given these significant consequences, you must make sure that you understand the terms of a reaffirmation agreement before signing, including (1) the amount that you will owe, (2) the timing of the payments and (3) any right the creditor may have to take away the property if you fail to make payment.
A reaffirmation agreement is a legally-binding document that establishes the legal obligations of a borrower to repay some or all of it during bankruptcy.
Reaffirming a mortgage debt requires a comprehensive multi-page reaffirmation agreement that must be filed with the court. The reaffirmation agreement also requires the debtor's bankruptcy attorney to indicate that he or she has read the agreement and that it does not impose any undue hardship on the client.
You or your creditor must file with the court the original of this Reaffirmation Documents packet and a completed Reaffirmation Agreement Cover Sheet (Official Bankruptcy Form 27).