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The accord is the agreement to discharge the obligation and the satisfaction is the legal "consideration" which binds the parties to the agreement. A valid accord does not discharge the prior contract; instead it suspends the right to enforce it in accordance with the terms of the accord contract, in which satisfaction, or performance of the ...
A reaffirmation agreement in United States bankruptcy law refers to an agreement made between a creditor and the debtor that waives discharge of a debt that would otherwise be discharged in the pending bankruptcy proceeding. A properly executed, timely filed reaffirmation agreement modifies the discharge such that it is rendered inoperable ...
Edgar_Wallace_-_A_Debt_Discharged_(1926_printing).pdf (0 × 0 pixels, file size: 8.91 MB, MIME type: application/pdf) This is a file from the Wikimedia Commons . Information from its description page there is shown below.
Tax debt, alimony, spousal or child support and student loans are all typically ineligible for discharge. If your debt isn’t able to be discharged, it’s either due to the type of bankruptcy ...
Key takeaways. Unpaid debts and delinquent accounts can remain on your credit report for seven years. Sometimes, debts that are sold to collections remain on your credit report longer than they ...
Those who file for bankruptcy but still owe any debts mentioned above have options available for their situations. Repayment Plans It is possible an individual can work with a creditor to create a ...