Reaffirmation explained

A reaffirmation is not valid unless:
(From what I understand)

its filed in bankruptcy court

If you are represented by a lawyer your lawyer is responsible for telling you the advantages AND disadvantages of this type of agreement. The judge will normally approve it.

If you do it pro se (by yourself) a meeting must be set up with the judge so he can eplain it to you and that it wont pose a hardship on you. It iwll be a lieally bingding contract. You won't be able to change your mnd after the next 30 or 60 days.

http://www.wolffirm.com/publications/54.htm

This from the web site: http://www.wiw.uscourts.gov/bankruptcy/FAQ.htm#What%20is%20a%20reaffirmation%20agreement

What is a reaffirmation agreement?

A reaffirmation agreement is an agreement by which a bankruptcy debtor becomes legally obligated to pay all or a portion of an otherwise dischargeable debt. Such an agreement must generally be filed within sixty (60) days after the first date set for the meeting of creditors.

If the reaffirming debtor is represented by an attorney, the agreement is filed with an affidavit of the attorney which complies with 11 United States Code § 524(c)(3) and no hearing for approval of such an agreement is necessary. If the reaffirming debtor is not represented by an attorney, the court will schedule a hearing. You must appear in person at the hearing. The judge will ask questions to determine whether the reaffirmation agreement imposes an undue burden on you or your dependants and whether it is in your best interests. Since reaffirmed debts are not discharged, the bankruptcy court will normally only reaffirm secured debts where the collateral is important to your daily activities.

Reaffirmation agreements are strictly voluntary. They are not required by the Bankruptcy Code or other state or federal law.

Moved this to a new thread, thank you very much!