Bankruptcy Implementation of Reform Act's Debt Reaffirmation Agreement Provisions: Gao Report - Couverture souple

Government Accountability Office

Couverture souple

ISBN 10 : 1604566566 ISBN 13 : 9781604566567

Editeur : Nova Science Publishers Inc, 2008

Synopsis

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (referred to hereafter as the Reform Act) included provisions to better inform individuals who file for personal bankruptcy about their options for reaffirming debt--whereby filers may voluntarily agree to pay certain creditors in an effort to retain assets, such as an automobile. Reaffirmation agreements between debtors and creditors are required, by law, to formally disclose to debtors the terms of the agreement, such as the amount of debt reaffirmed. Some requirements differ for credit unions, such as an exemption for reporting debtor financial information when the debtor's attorney signs the agreement. This book discusses (1) the extent to which required Reform Act disclosures and other information have been incorporated into reaffirmation agreements, (2) the types of debts reaffirmed and the percent this debt comprised of debtors' overall debt burden, and (3) how reaffirmed and original interest rates compare.

Détails de l'édition

• Éditeur: Nova Science Publishers Inc
• Date d'édition: 2008
• Langue: anglais
• ISBN 10: 1604566566
• ISBN 13: 9781604566567
• Reliure: Broché
• Nombre de pages: 90
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible