How Do I Know If I Signed a Reaffirmation Agreement
If you`ve recently filed for bankruptcy and have been discharged, you may have signed a reaffirmation agreement without even knowing it. A reaffirmation agreement is a legal document that is signed by a debtor and a creditor during a bankruptcy case. It basically states that the debtor will pay off a specific debt, even though it would typically be discharged in bankruptcy.
If you`re unsure whether or not you signed a reaffirmation agreement, here are some steps you can take to find out:
1. Check your bankruptcy documents – Start by reviewing your bankruptcy paperwork, including your bankruptcy petition, schedules, and statements. Look for any mention of a reaffirmation agreement or any debts that you agreed to repay. If you can`t find anything, move on to step two.
2. Ask your attorney – If you hired an attorney to handle your bankruptcy case, reach out to them and ask if you signed a reaffirmation agreement. They`ll be able to access your case file and tell you definitively whether or not you signed one.
3. Contact your creditors – If you don`t have an attorney, or if you`re still unsure whether or not you signed a reaffirmation agreement, contact your creditors directly and ask if you signed one. They may have a copy on file, or they may be able to tell you if you signed one based on their records.
4. Review your credit report – Finally, you can review your credit report to see if any debts have been reaffirmed. If a debt has been reaffirmed, it will show up on your credit report as an active account. You can request a free copy of your credit report from each of the three major credit bureaus once a year.
If you did sign a reaffirmation agreement, it`s important to understand that you are legally bound to pay off that debt, even though it would typically be discharged in bankruptcy. This means that if you fall behind on payments, your creditor can take legal action against you, including wage garnishment, bank account levies, and property liens.
If you`re struggling to keep up with your reaffirmed debt payments, it may be worth reaching out to a bankruptcy attorney or credit counselor for help. They can help you explore your options and come up with a plan to get back on track.