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Bankruptcy in Michigan-Reaffirmation Agreement Based On Mutual Mistake Voided

Bankruptcy in Michigan -Reaffirmation Agreement. After filing a Ch. 7 bankruptcy, a reaffirmation agreement was signed for two separate bank loan debts that would have both been dischargeable.  The Debtors Jackie and Peggy Bailey abruptly stopped paying Salyersville National Bank, which tried unsuccessfully to repossess a truck pledged as security.  SNB filed a “wholly unsecured…