A bankrupt individual is required by law to repay all of her debts to creditors with an irrevocable offer of reaffirmation.

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Under bankruptcy law, individuals are not required to repay all of their debts. Additionally, reaffirmation is a voluntary agreement between a debtor and creditor to continue paying a debt that would otherwise be discharged in bankruptcy. It is not an irrevocable offer.

A Bankrupt Individual Is Required by Law to Repay All