Commercial Collections Blog

Voluntary Repayment of a Bankruptcy Discharged Debt

When a debtor files for bankruptcy, chances are most or all debts will be discharged (no longer due by the debtor).  The creditor has no further rights with regard to the discharged debt.

In some instances, the debtor may choose to repay a discharged debt.   A common reason is to be able to continue to do business with the creditor.

If the debtor and creditor both want to make the obligation binding, they can enter into a reaffirmation.  This creates a new agreement which is not bound by the prior bankruptcy discharge of that debt.

Debt Collection News

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    April 25, 2018
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    April 24, 2018
    Our transition to cloud continues as planned and while license revenue was soft due to some sales cycles extending, we performed well across all other revenue categories and our sales pipelines for both cloud ... Days Sales Outstanding was 59 days at both March 31, 2018, and December 31, 2017.
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    April 24, 2018
    Adjusted operating income, a non-GAAP measure, was $32.3 million in Q1 2018, compared to $46.3 million in Q1 2017. Cash flow from operations was $51.3 million in Q1 2018, compared to $61.3 million in Q1 2017. Days Sales Outstanding was 59 days at both March 31, 2018, and December 31, 2017 ...
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    April 24, 2018
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