Reaffirmation Agreements in Consumer Bankruptcy Cases

Reaffirmations by consumer debtors are an important and commonly-used method to keep secured property in a chapter 7 case. After the 2005 amendments to the Bankruptcy Code, the reaffirmation option became significantly more complicated procedurally for both consumer debtors and their counsel. Understanding the many dimensions of the reaffirmation option is crucial to providing sound advice and avoiding legal liability. Reaffirmation Agreements in Consumer Bankruptcy Cases provides a helpful and highly-accessible road map for both debtor and creditor counsel into the new technical requirements and practical considerations at play in advising clients on either side of the debtor/creditor divide. Clearly written and appended with the relevant Code sections, Rules and Forms essential to execute a sound reaffirmation agreement that will win court approval, the book should be a part of any consumer practitioner’s toolkit.