A(n) ________ is an agreement entered into by the creditor and the debtor whereby the debtor agrees to pay the creditor for a debt that is dischargeable in bankruptcy.
A) reaffirmation agreement
B) order for relief
C) discharge agreement
D) acceptance agreement

Question

Quizplus · Accepted Answer

A reaffirmation agreement is a legally binding agreement between a debtor and a creditor in which the debtor agrees to pay all or a portion of a debt dischargeable in bankruptcy. In exchange, the creditor agrees to not pursue collection actions against the debtor. The reaffirmed debt survives the bankruptcy and the debtor remains liable for its payment.

A(n) ________ Is an Agreement Entered into by the Creditor