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

  • Business celebrates 100 years of helping consumers overcome bad credit

    January 18, 2018
    STOCKTON — A century ago, CB Merchant Services began as a debt collection agency, known then as the Stockton Merchants Association. In that time, the not-for-profit organization has worked diligently to help clients recover debts and to help those who owe get their credit back on track. During the ...
  • Should debt collection be a primary funding source for healthcare providers?

    January 18, 2018
    ... the new model that needs to be adopted. You can find more about the process at One of the most ingenious ideas in the business belongs to Tenet Healthcare who has sold its least profitable hospitals but keeps them as clients for the debt collection subsidiary.
  • NY AG Asks Court To Force Debt Collector To Hand Over Docs

    January 18, 2018
    Law360, New York (January 17, 2018, 10:45 PM EST) -- The New York Attorney General's Office on Wednesday asked a New York federal court to force a debt collection company and its owner to turn over financial documents, business records and other information that the agency is seeking in its suit ...