Bankruptcy Implementation of Reform Act's Debt Reaffirmation Agreement Provisions (Paperback)

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (referred to hereafter as the Reform Act) included provisions to better inform individuals who file for personal bankruptcy about their options for reaffirming debt--whereby filers may voluntarily agree to pay certain creditors in an effort to retain assets, such as an automobile. Reaffirmation agreements between debtors and creditors are required, by law, to formally disclose to debtors the terms of the agreement, such as the amount of debt reaffirmed. Some requirements differ for credit unions, such as an exemption for reporting debtor financial information when the debtor's attorney signs the agreement. This book discusses (1) the extent to which required Reform Act disclosures and other information have been incorporated into reaffirmation agreements, (2) the types of debts reaffirmed and the percent this debt comprised of debtors' overall debt burden, and (3) how reaffirmed and original interest rates compare.

General

Imprint:	nova science publishers
Country of origin:	United States
Release date:	August 2008
First published:	2008
Authors:	Government Accountability Office
Dimensions:	140 x 215 x 8mm (L x W x T)
Format:	Paperback
Pages:	90
ISBN-13:	978-1-60456-656-7
Categories:	Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law > Bankruptcy & insolvency law Promotions
LSN:	1-60456-656-6
Barcode:	9781604566567

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