Motion to Approve Reaffirmation Agreement - Kentucky 2025

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  1. Click ‘Get Form’ to open the Motion to Approve Reaffirmation Agreement in the editor.
  2. Begin by filling in your case number and the names of the debtors at the top of the form. This information is crucial for identifying your case.
  3. In the section where you explain your reasons for wanting to reaffirm the debt, provide a clear and concise explanation. Focus on how this agreement benefits you and why it is necessary.
  4. Next, detail any circumstances that indicate reaffirmation will not impose an undue hardship on you or your dependents. Be specific about your financial situation and any supporting factors.
  5. Fill in the date and time of the hearing, along with its location, ensuring all details are accurate for court proceedings.
  6. Finally, complete the Certificate of Service section by indicating how you served a copy of this motion to the creditor and trustee, including dates.

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If you decide to enter into a reaffirmation agreement, you must do so before you receive your discharge. After you have entered into a reaffirmation agreement and all parts of this form that require a signature have been signed, either you or the creditor should file it as soon as possible.
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.
Reaffirmation agreements require court approval to make sure the debtor can reasonably afford to continue making the payments. If the debtor has an attorney, the attorney must confirm that the agreement is in the debtors best interest and wont cause undue financial hardship.
If the Court denies the reaffirmation agreement, you are in technical default again. This is part of the trade‐off between Chapters 7 and 13. In exchange for a quick, efficient, inexpensive discharge of your debts, you give up control over the actions of creditors.
Without reaffirmation, the lender may not report your payments to credit bureaus, limiting your ability to rebuild credit. Additionally, failing to reaffirm can leave you in a precarious ownership position.