A Wyoming Order on Reaffirmation Agreement (Alt.) is a court order issued by the Wyoming District Court that provides a debtor with the authority to reaffirm a debt obligation after filing for bankruptcy. The Order is issued after the debtor and the creditor have entered into a Reaffirmation Agreement, which is an agreement between the debtor and the creditor that reaffirms the debt and modifies the terms of the agreement. The Order provides the creditor with the assurance that the debt will be paid in accordance with the terms of the Reaffirmation Agreement. There are two types of Wyoming Order on Reaffirmation Agreement (Alt.): one for secured debts and one for unsecured debts. The Order provides the creditor with the legal authority to enforce the terms of the Reaffirmation Agreement and provides the debtor with the assurance that the debt will be paid in full according to the terms of the Agreement.
Wyoming Order on Reaffirmation Agreement (Alt.)
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FAQ
If you reaffirm a debt and then fail to pay it, you owe the debt the same as though there was no bankruptcy. The debt will not be discharged, and the creditor can take action to recover any property on which it has a lien or mortgage. The creditor can also take legal action to recover a judgment against you.
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.
If a debtor signs a reaffirmation agreement, the debtor agrees to pay a debt that otherwise might be discharged in his or her bankruptcy case.
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.
A reaffirmation agreement is a new contract with the lender that says you'll be responsible for the debt on your car and the lien will stay in place, even though your other debts are being discharged in bankruptcy. Most lenders will require a reaffirmation agreement if you want to keep your car.
A reaffirmation agreement is where you agree to pay a debt even though you could have eliminated the debt in your bankruptcy case. When you reaffirm a debt, you continue to be legally responsible for paying it back. This gives the creditor some legal rights.
A reaffirmation agreement is an agreement by which a bankruptcy debtor becomes legally obligated to pay all or a portion of an otherwise dischargeable debt.
If you want to request a reaffirmation agreement, you must agree after filing for bankruptcy but before any collateral is discharged to the lender. An agreement is filed by submitting a Statement of Intent to the court. Then, you must also send the Statement of Intent to the lender.