A. Reaffirmation Agreements into the Bankruptcy Code

Within the Bankruptcy Code, the usage of the undue hardship standard when you look at the reaffirmation agreement provision implies that the undue difficulty analysis should mainly concentrate on the current economic circumstances of the debtor. The reaffirmation agreement provision is the only other place undue hardship appears in the Bankruptcy Code bes 59 See Brief for Professor Rafael Pardo as Amicus Curiae, p. 11–13, Murphy v as acknowledged by scholars. U.S. Dept. Of Educ., No. 14-1691 (1st Cir. Oct. 25, 2016). Under 11 U.S.C. § 524, the supply regulating reaffirmation agreements, an understanding which makes the debtor lawfully bound to repay a debt that will otherwise be released is enforceable only when a number of needs designed to safeguard the debtor’s fresh begin are typical happy. 60 11 U.S.C. Leer más