The legal effect of a reaffirmation is to assert that the debtor ...

[frankwu]

The legal effect of a reaffirmation is to assert that the debtor will resume the responsibility to pay off the loan.
 
  Indicate whether the statement is true or false

Question 2

A fraudulent conveyance occurs when the debtor transfers assets to a third party to prevent creditors from satisfying their claims after the debtor files for bankruptcy.
 
  Indicate whether the statement is true or false

[wfdfwc23]

Answer to Question 1

TRUE

Answer to Question 2

TRUE

[frankwu]

Excellent

[kishoreddi]

Thanks for the timely response, appreciate it