Assertion: bankruptcy's debt | /r/HasProperty | reaffirmed
Facets:
value: during the bankruptcy case
type: TEMPORAL
Source sentences:
text: If the balance is not enough to pay the debt to be reaffirmed, there is a presumption of undue hardship, and the court may decide not to approve the reaffirmation agreement.
text: This means the creditor can pursue the collateral (i.e., repossess the vehicle) but the creditor cannot collect the balance due from the debtor unless the debt has been reaffirmed.
text: Debts that are reaffirmed during the bankruptcy case will survive.
text: Debtors should cautious with reaffirmation, as once a debt is reaffirmed a debtor continues to owe the debt as if no bankruptcy petition was filed.
text: If a debt is reaffirmed, the debt will not be affected by the discharge in bankruptcy, and will be owed in full once the bankruptcy process is complete.