Chapter 7 exempts the borrower from the debts he or she must pay, but does not eliminate the fact that the lender can claim assets that are pledged. Your personal responsibility over the debt has disappeared, but not the lender`s right to take your assets. Confirmation protects against a lender that collects your assets. Debtors voluntarily enter into affirmation agreements. These are legal documents, but a person cannot go to jail for injuring them. If the debtor does not make its planned payments and does not comply with the agreement, the lender takes possession of the guarantees if it wishes. A solemn and formal statement of the truth of a statement, such as a sworn statement or the actual or future testimony of a witness or party substituting an oath. Confirmation is also used when a person cannot take an oath because of religious beliefs. Borrowers who simply have to get out of debt and probably do not allow themselves to pay regularly can`t get anything out of the assertion process. The assertion makes a borrower liable for a debt and is agreed by a formal agreement with the courts and is therefore a legal procedure for the borrower in order to protect himself and his property. The assertions are strictly voluntary.
If you wish to (consent) to a particular debt, you must enter into a written agreement with the creditor that legally obliges you to pay a debt in full or in part (destroyed by bankruptcy). The form is Form 240A of the confirmation agreement. The creditor and the debtor must complete the form indicating the nature of the debt, the value of the security and the reason for the statement. Both parties to the statement must sign the corresponding signature lines. As you are not represented by a lawyer, confirmation is automatically set at the hearing and you will receive written notice of the date and time of the hearing. You must appear at the hearing, where the judge will determine whether it is in your best interest to confirm it based on your circumstances and the nature of the confirmation. For example, the court cannot allow you to confirm a $3,000 debt for a vehicle that can be worth $1,000. The January 2007 affirmation agreement is divided into several parts: the law confirms a solemn declaration that is permitted to those who conscientiously oppose the oath. A confirmation has exactly the same legal effect as an oath, but is usually made to avoid the religious implications of an oath; it is therefore legally binding, but is not considered a religious oath.
Some religious minorities defend beliefs that allow them to make legally binding promises, but prohibit them from swearing an oath in front of one person. Moreover, many oppose a religious oath because they believe it would have no value or would be inappropriate, especially in secular courts. In some jurisdictions, confirmation can only be given if such a reason is indicated. All elected members must be sworn in or confirmed to the Crown before they can hold their seats.  Members are asked what form they prefer to take by saying “Swear or Affirm,” i.e. take an oath or confirm.  The oath or confirmation may be made in Welsh, Gaelic, Cornish or English. [Citation required] A debtor may want to pay a debt while those debts would be relieved in the event of bankruptcy. For example, a debtor may keep a vehicle. As a promise to repay these debts, a debtor must enter into a confirmation agreement with the creditor. Statements are optional and are not prescribed by law. It is recommended that the debtor carefully determine whether or not agreed payments can be made before a confirmation agreement is reached.
If a debtor is not a debtor and chooses not to sign a confirmation agreement, many lenders will recognize the ability to keep and pay the debt by continuing regular monthly payments.