The debtor can chose to waive the discharge as to a debt that is reaffirmed. Generally, the parties to the reaffirmed debt have the same rights and liabilities that each had prior to the bankruptcy filing: the debtor is obligated to pay and the creditor can sue or repossess if the debtor doesn't pay. (Bankruptcy in Brief)

United Glossary of Bankruptcy Terms 2012.

Glossary of Bankruptcy.

Игры ⚽ Поможем решить контрольную работу

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  • reaffirm — re·af·firm /ˌrē ə fərm/ vt 1: to affirm again 2: to agree to the payment of (a dischargeable debt) with a creditor prior to the discharge of debts in bankruptcy reaffirm ed her debt in order to keep her car re·af·fir·ma·tion / ˌa fər mā shən/ …   Law dictionary

  • Reaffirm — Re af*firm (r[=e] [a^]f*f[ e]rm ), v. t. To affirm again. [1913 Webster] …   The Collaborative International Dictionary of English

  • reaffirm — (v.) 1610s, to confirm anew, from RE (Cf. re ) back, again + AFFIRM (Cf. affirm). Meaning to assert anew is recorded from 1842. Related: Reaffirmed; reaffirming, reaffirmation …   Etymology dictionary

  • reaffirm — [spelling only] …   English World dictionary

  • reaffirm — UK [ˌriːəˈfɜː(r)m] / US [ˌrɪəˈfɜrm] verb [transitive] Word forms reaffirm : present tense I/you/we/they reaffirm he/she/it reaffirms present participle reaffirming past tense reaffirmed past participle reaffirmed to formally and officially state… …   English dictionary

  • reaffirm — verb a) To affirm again. The recent tragedy only served to reaffirm his faith. b) To bolster or support …   Wiktionary

  • reaffirm — verb Reaffirm is used with these nouns as the object: ↑belief, ↑commitment, ↑importance, ↑need, ↑support …   Collocations dictionary

  • reaffirm — re|af|firm [ˌri:əˈfə:m US ə:rm] v [T] to formally state an opinion, belief, or intention again, especially when someone has questioned you or expressed a doubt = ↑reiterate ▪ The party reaffirmed its commitment to nuclear disarmament. reaffirm… …   Dictionary of contemporary English

  • reaffirm — [[t]ri͟ːəfɜ͟ː(r)m[/t]] reaffirms, reaffirming, reaffirmed VERB If you reaffirm something, you state it again clearly and firmly. [FORMAL] [V n] He reaffirmed his commitment to the country s economic reform programme... [V that] The government has …   English dictionary

  • reaffirm — v.t. * * * …   Universalium

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