In Order to Safeguard the Debtor from Reaffirmation Agreements the Court

question 62

Multiple Choice

In order to safeguard the debtor from reaffirmation agreements the court:

• A)allows the debtor to rescind the reaffirmation agreement within a period of 60 days.
• B)is empowered to declare all reaffirmation agreements as void.
• C)may order the creditor to demand only 50 percent of the original debt amount.
• D)may allow a reaffirmation agreement only if the debtor is represented by an attorney.

---

Definitions:

Women's Business

Enterprises owned and operated by women, often emphasizing issues of representation, entrepreneurship, and the challenges faced by women in the business world.

Debt Financing

Debt Financing involves raising capital by borrowing funds from individuals, banks, or other financial institutions that will be repaid over time with interest.

Equity Financing

Funds invested in new ventures in exchange for part ownership.

Repay Borrowed

The act of returning money that was borrowed from a person or institution.