Live Webinar, Thursday, July 24, 2025
Creditors want them. Debtors’ attorneys hate them.
–
Debtors often don’t understand them. Courts vary on whether they will approve them. Congress was wary of them and established very specific rules for documenting them. Failing to comply with those rules can have serious consequences immediately or even years later.
What are “reaffirmation agreements” anyway?
Why do you want them? If the debtor is paying, why does it matter? Why don’t debtors’ lawyers and some courts like them? Why do debtors file statements saying they will reaffirm, but then refuse to respond when you send an agreement? Are reaffirmations something you are entitled to get? What are your options if you can’t get one? Can you get into trouble just for asking for a reaffirmation?
If the debtor will reaffirm, how should you prepare the paperwork or should the debtor’s attorney do it? What is the “cover sheet” and what risks do you have when preparing it? Some of the things in the official forms don’t make sense—can you make changes and, if so, how?
So many questions!
Attorney Eric North has prepared and litigated reaffirmation agreements for more than 30 years. During this webinar, he helps participants understand what the rules, your rights and your obligations really are. The program will include a discussion of—
- What a “reaffirmation” is and what your rights are if the debtor (or the debtor’s attorney or the court) refuses to give you one.
- How to avoid trouble because of the way you ask for a reaffirmation agreement.
- The two deadlines—one hard and one soft—for completing and filing a reaffirmation agreement.
- Why there are two versions of the official reaffirmation form and how to complete each.
- Risks when completing the reaffirmation “cover sheet” and how to deal with them.
- Common errors creditors and debtors’ attorneys make when completing reaffirmations and reaffirmation cover sheets.
- Changes or notations to consider making to the reaffirmation forms and the reaffirmation cover sheet.
- What to expect at a court reaffirmation hearing? Do you need an attorney?
As with all NorthLegal webinars, participants are encouraged to send questions you would like answered to Eric in advance of the program so he can try to address them.
For more information, call NorthLegal at 623.537.7150.
–
Related:
Bankruptcy 701 – Handling Secured Claims in Chapter 7 Bankruptcy
Drafting and Enforcing Cross-Collateral Clauses
–
NorthLegal Training and Publications | 5115 N. Dysart Rd, No. 202-500 | Litchfield Park, AZ 85340 US
Bankruptcy 702 – Obtaining and Documenting Bankruptcy Reaffirmation Agreements – Bankruptcy 702 – Obtaining and Documenting Bankruptcy Reaffirmation Agreements – Bankruptcy 702 – Obtaining and Documenting Bankruptcy Reaffirmation Agreements
Facebook Comments