Common Legal Terminology
Reaffirmation agreement -
- An agreement by a debtor to continue paying a dischargeable debt after the bankruptcy, usually for the purpose of keeping collateral or mortgaged property that would otherwise be subject to repossession.
- A written account of the proceedings in a case, including all pleadings, evidence, and exhibits submitted in the course of the case.
- A procedure in a Chapter 7 case whereby a debtor removes a secured creditor’s lien on collateral by paying the creditor the value of the property. The debtor may then retain the property.
- Send back.
- The act of a court setting aside the decision of a lower court. A reversal is often accompanied by a remand to the lower court for further proceedings.
All terms and definitions on this page are from uscourts.gov/glossary (April 13, 2020)