4 Terms Related To The Bankruptcy Process
Are you currently going through a bankruptcy and feeling a bit confused by all of the terms that are being used that you've never heard before? If so, it will help to know what some of those unfamiliar terms mean.
Affirmation Agreement
You'll likely need to use an affirmation agreement if you are using Chapter 7 bankruptcy. This is because some debts are secured by assets, such as a home or car, that are not being discharged by the bankruptcy process.