reˇafˇfirˇmaˇtion
reˇafˇfirˇmaˇtion/ˌrēafərˈmāSH(ə)n/
noun
a reassertion or confirmation of a fact or belief.
"a reaffirmation of the conventional values of marriage and family"
People also ask
What does reaffirmation mean?
: a second or subsequent affirmation : the act of reaffirming something or the condition of being reaffirmed. a reaffirmation of the country's founding principles. Her announcement Friday served as a reaffirmation of her desire to continue in that instrumental role …
Is it affirmation or reaffirmation?
If you affirm something, you are saying "I believe in this!" So reaffirming repeats your belief, making it clear that you still feel that way. Politicians reaffirm their beliefs when they repeat a promise people may have forgotten or had cause to doubt.
What is the purpose of a reaffirmation agreement?
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.
Why do I need reaffirmation?
One of the primary reasons for reaffirming a debt is the ability to keep the property tied to a secured loan. For example, if you have a car loan, reaffirming the debt allows you to continue making payments and avoid repossession.
Oct 31, 2024
The meaning of REAFFIRMATION is a second or subsequent affirmation : the act of reaffirming something or the condition of being reaffirmed.
Reaffirmation is an agreement made by a debtor to repay some or all of a debt while going through bankruptcy.
A reaffirmation is an agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy.
Agreeing to repay the excess loan amount in accordance with the terms of the promissory note is called “reaffirmation.” You can reaffirm an excess loan amount ...
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, ...
Oct 31, 2024 ˇ A reaffirmation agreement is a legally binding contract between a debtor and a creditor during a Chapter 7 bankruptcy proceeding. It allows the ...
The Amount Reaffirmed is the entire amount that you are agreeing to pay. This may include unpaid principal, interest, and fees and costs (if any) arising on ...
Agreeing to repay the excess loan amount in accordance with the terms of the promissory note is called “reaffirmation.” You can reaffirm an excess loan amount ...
An agreement by a debtor to continue paying dischargeable debt after the bankruptcy, usually for the purpose of keeping collateral or mortgage property.
A reaffirmation agreement allows you keep any recently purchased property if you can keep up with the payments, essentially "reaffirming" in a contract that you ...
