By signing a reaffirmation agreement on April 15, Year 1, a debtor agreed to pay certain debts that would be discharged in bankruptcy. On June 20, Year 1, the debtor's attorney filed the reaffirmation agreement and an affidavit with the court indicating that the debtor understood the consequences of the reaffirmation agreement. The debtor obtained a discharge on August 25, Year 1. The reaffirmation agreement would be enforceable only if it was:

a. Made after discharge. b. Approved by the bankruptcy court. c. Not for a household purpose debt. d. Not rescinded before discharge.

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London Price

Business

26 December, 00:36

By signing a reaffirmation agreement on April 15, Year 1, a debtor agreed to pay certain debts that would be discharged in bankruptcy. On June 20, Year 1, the debtor's attorney filed the reaffirmation agreement and an affidavit with the court indicating that the debtor understood the consequences of the reaffirmation agreement. The debtor obtained a discharge on August 25, Year 1. The reaffirmation agreement would be enforceable only if it was:

a. Made after discharge. b. Approved by the bankruptcy court. c. Not for a household purpose debt. d. Not rescinded before discharge.

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Katie Wolf · Answer 1

d. Not rescinded before discharge.

Explanation:

Based on the scenario being described it can be said that the reaffirmation agreement would be enforceable only if it was not rescinded before discharge. This is because a contract or agreement that has been rescinded means that it was revoked or cancelled, meaning that it would no longer have been in place to be discharged at all.