Reaffirmation Agreement - Connecticut 2025

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  1. Click ‘Get Form’ to open the Reaffirmation Agreement in the editor.
  2. Begin by entering the debtor’s name and bankruptcy case number at the top of the form. Ensure accuracy as this information is crucial for processing.
  3. In the creditor section, provide the name and address of the creditor. This identifies who you are reaffirming the debt with.
  4. Fill in the total amount of debt when your case was filed and the total amount being reaffirmed. Include any accrued interest, attorney fees, and other related costs in their respective fields.
  5. Specify the annual percentage rate (APR) and monthly payment amount. Clearly state when payments will start and how many payments will be made.
  6. Complete any additional terms agreed upon by both parties, ensuring all details are clear to avoid future disputes.
  7. Review your entries for accuracy before saving or printing your completed agreement for submission to the court.

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A reaffirmation agreement must be filed within 60 days after the first date set for the 341(a) meeting of creditors. The agreement must have a cover sheet prepared as prescribed by Form 427. At any time, the court may extend the time to file an agreement. (b) Supporting Statement .
Key takeaways. A reaffirmation agreement allows you to retain a specific asset (commonly a house or car) during bankruptcy in exchange for agreeing to pay the outstanding debt. If you request a reaffirmation agreement, you must submit a statement of intent to the court and contact the lender to establish terms.
Debtors do not have to reaffirm a mortgage debt. Generally, there is no reason to reaffirm a mortgage obligation unless the mortgagee has agreed to modify one or more of the mortgage terms so that keeping the mortgage is much, much more beneficial.
How long does the reaffirmation process take? The reaffirmation process will vary based on your Federal Loan Servicer. We recommend you allow at least 4-6 weeks for this process once the request has been initiated.
You arent required to reaffirm a home loan in bankruptcy to keep it and be able to sell it later. So long as you are current, you can sell your home.

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