Reaffirmation Agreement: Canada Debt .ca defines Reaffirmation Agreement

Bankruptcy Term Reaffirmation Agreement

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Canada Debt has the definition to the bankruptcy and debt term Reaffirmation Agreement. Finding answers to terms such as Reaffirmation Agreement can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Reaffirmation Agreement in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Reaffirmation Agreement' is used as follows:

An agreement between a debtor and a creditor whereby a debtor revives a pre-bankruptcy debt, for which the debtor was discharged under section 178 of the Act.