Reaffirmation

Voluntary agreement by a debtor in bankruptcy to pay all or part of a debt, even though the debtor is not legally obligated to do so, and cannot be compelled by his creditors to repay a debt. Under the bankruptcy code, the debtor's attorney files a statement with the court stating that reaffirmation will not harm the debtor financially. Debt reaffirmations are not allowed in Chapter 13 Wage Earner Plans.