Posted by Bud Branstetter on February 26, 2002 at 17:31:58:
Not being an attoprney this is a laymans view. In a Chapter 7 you can affirm a debt that would normally be liquidated. Secured or unsecured. They propbably want it re-affirmed so that they can send in a forgiveness of debt write off on their books. He gets stuck with the income and taxes due.