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Debtor in Bankruptcy
In a bankruptcy case, despite the availability of a discharge, a debtor may want to repay debts, perhaps to be able to continue doing business with you or for some other reason. Repayment can always be done voluntarily and if the debtor and creditor want to make the obligation binding, they can enter into a reaffirmation, which makes a new agreement to repay the debt. However, since reaffirmation constitutes a post petition obligation, it is unaffected by the discharge.This can be found money, you might not get any other way. You want an analysis for your debtors accounts we provide you our Collection Rates.
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