A Reaffirmation Agreement is a voluntary contract in a Chapter 7 bankruptcy where you agree to remain personally liable for a secured debt (like a car loan) that would otherwise be erased by the discharge. By signing it, you get to keep the asset, but you voluntarily “re-shackle” yourself to the debt. If you default later, the creditor can repossess the item and sue you for the balance, undoing your fresh start for that specific loan.