Thomas Michael Rowan and Christina Marie Rowan
Bankruptcy Court Docket Sheet

Northern District of Alabama (Bankruptcy)

2:2017-bk-04532 (alnb)

Reaffirmation Agreement Between Debtor and Ally Bank Filed by Creditor Ally Bank.

Fin in this information to identify your case: Debtor 1 Thomas Michael Rowan Debtor 2 Christina Marie Rowan (Spouse, if filing) United States Bankruptcy Court for the: Northern District of Alabama (state) Case number 17 - 04532 Official Form 427 Cover Sheet for Reaffirmation Agreement 12 / 15 Anyone who is a party to a reaffirmation agreement may fill out and file this form. Fill it out completely, attach it to the reaffirmation agreement, and file the documents within the time set under Bankruptcy Rule 4008. Part 1: Explain the Repayment Terms of the Reaffirmation Agreement 1. Who is the creditor ? Ally Bank Name of the creditor 2. How much is the debt ? On the date that the bankruptcy case is filed $ 33, 160. 66 To be paid under the reaffirmation agreement $ 33. 239. 57 $ 538. 04 per month for 70 months (if fixed interest rate) * 2 monthly cure payments of $ 263. 78 each starting on December 5, 2017. 3. What is the Annual Percentage Rate (APR) of interest ? (See Bankruptcy Code 8 524 { k } { 3 { E) .) Before the bankruptcy case was filed 4. 59 % Under the reaffirmation agreement 4. 59 % V Fixed Adjustable Rate 4. Does collateral securer No the debt ? 7 Yes. Describe the collateral. 2016 GMC ACADIA VIN: 1GKKRRKDIGJ273749 Current market value $ 31. 225. 00 v No 5. Does the creditor assert 7 that the debt is nondischargable ? Yes. Attach an explanation of the nature of the debt and the basis for contending that the debt is nondischargable. Income and expenses reported on Schedules I and J Income and expenses stated on the reaffirmation agreement 6. Using Information from Schedule I: Your Income (Official Form 1061) and Schedule J: Your Expenses (Official Form 106J), fill in the amounts. 6a. Combined monthly income from line 12 of Schedule 1 $ 343441 6e. Monthly income from all sources after payroll deductions $ 394 / 82 - 4487, 09 61. 6b. Monthly expense from line 22c of Schedule J 6f. Monthly expenses $ 4487. or 6c. Monthly payments on all reaffirmed debts not listed on Schedule J - $) 6g. Monthly payments on all reaffirmed debts not included in after payroll deductions 6d. Scheduled net monthly income 6h. Present net monthly income $ / YSY. ito Subtract lines 6b and 6c from 6a. Subtract lines 6f and 6g from 6e. If the total is less than 0, put the number in brackets. If the total is less than 0, put the number in brackets. Official Form 427 al Fease 17 - 04532 - TOM7 Doc 2 & oveſheet tonRegfigatioEAHEPodno1 / 23 / 18 17: 19: 02 Desc Małge 1 Document Page 1 of 9 Debtor 1 Case Number (if known) 17 - 04532 Thomas Michael Rowan First Name Middle Name Last Name 7. Are the income amounts on the lines 6a and 6e different ? I No Yes. Explain why they are different and complete line 10. JUNI NAM talce homm fluu hus inClased 8. Are the expense amounts on line 6b and 6f different ? Y No P Yes. Explain why they are different and complete line 10. No 9. Is the net monthly income in line 6h less than 0 ? * Yes. A presumption of hardship arises (unless creditor is a credit union) . Explain how the debtor will make monthly payments on the reaffirmed debt and pay other living expeses. Complete line 10. 10. Debtor's certification about lines 7 - 9 I certify that each explanation on lines 7 - 9 is true and correct. If any answer on line 7 - 9 is Yes, the debtor must sign here. X (Talmudha JON Signature of Debtor 2 (Spouse Only in a Joint Case) ' Signature of Dorotor 1 If all the answers on lines 7 - 9 are No, go to line 11. 11. Did an attorney represent No the debtor in negotiating the reaffirmation Yes. Has the attorney executed a declaration or an affidavit to support the reaffirmation agreement ? agreement ? C No Yes 1 Part 2: Sign Here Whoever fills out this form must sign here. I certify that the attached agreement is a true and correct copy of the reaffirmation agreement between the parties identified on this Cover Sheet for Reaffirmation Agreement. on L 318 Date Signature MM / DD / YYYY HING ANTAL Printed Nante 7 Check one: Debtor or Debtor's Attorney y Creditor or Creditor's Attorney Official Form 427 case 17 - 04532 - TOM7 Doc 2GoverShed fonReasfiration APCEFerd1 / 23 / 18 17: 19: 02 Desc Mappe 2 Document Page 2 of 9 B2400A (Form 2400A) (12 / 15) Check one. O Presumption of Undue Hardship No Presumption of Undue Hardship Sel Debtor's Statement in Support of Reaffirmatio11, Part II below, to determine | which bor to check. UNITED STATES BANKRUPTCY COURT Northern District of Alabama In re Thomas Michael Rowan and Christina Marie Rowan, Case No. 17 - 04532 Debtor (s) Chapter 7 REAFFIRMATION DOCUMENTS Name of Creditor: Ally Bank O Check this box if Creditor is a Credit Union I. REAFFIRMATION AGREEMENT Reaffirming a debt is a serious financial decision. Before entering into this Reaffirmation Agreement, you must review the important disciosures, instructions, and definitions found in Part V of this Reaffirmation Documents packet. 1, Brief description of the original agreement being reaffirmed: Auto - Contract For example, auto loan 2. AMOUNT REAFFIRMED: $ 33, 239. 57 The Amount Reaffirmed is the entire amount that you are agreeing to pay. This may include unpaid principal, interest, and fees and costs (if any) arising on or before the date you sign this Reaffirmation Agreement. See the definition of " Amount Reaffirmed " in Part V. C below. 3. The ANNUAL PERCENTAGE RATE applicable to the Amount Reaffirmed is 4. 59 % . See definition of " Annual Percentage Rate " in Part V. C below. This is a (check one) / Fixed rate O Variable rate If the loan has a variable rate, the future interest rate may increase or decrease from the Annual Percentage Rate disclosed here. Thomas Michael Rowan and Christina Marie Rowan 17 - 04532 TIOIMAS Y Van II e Royar) Case 17 - 04532 - TOM7 Doc 21 Filed 01 / 23 / 18 Entered 01 / 23 / 18 17: 19: 02 Desc Main Document Page 3 of 9 B2400A (Form 2400A) (12 / 15) Page 2 IS: 4. Reaffirmation Agreement Repayment Terms: | 70 regular monthly payments of $ 538. 04 starting on December 5, 2017. | Describe repayment terms, including whether future payment amount (s) may be different from the initial payment amount. In addition to the regular payments above, the existing payment defaults shall be cured as follows: 2 monthly cure payments of $ 263, 78 starting on December 5, 2017. 5. Describe the collateral, if any, securing the debt Description: 2016 GMC ACADIA VIN: 1GKKRRKDIGJ273749 Current Market Value: $ 31, 225. 00 6. Did the debt that is being reaffirmed arise from the purchase of the collateral described above ? | Yes No If yes, what was the purchase price for the collateral ? $ 38, 591, 41 If no, what was the amount of the original loan ? 7. Detail the changes made by this Reaffirmation Agreement to the most recent credit terms on the reaffirmed debt and any related agreement: Terms as of the Date of Bankruptcy Terms After Reaffirmation Balance due (including fees and costs) Annual Percentage Rate Monthly Payment $ 33, 160. 66 4. 59 % $ 538. 04 $ 33, 239. 57 4. 59 % $ 538, 04 * * Under the parties ' current agreement, any existing payment defaults are immediately due and payable, However, pirsuaiIt to this reaffirmation agreement, Creditor is allowing the Debtor (s) to cure said defaults over time (see Rep ' Nİent Terms above) . 8. O Check this box if the creditor is agreeing to provide you with additional future credit in connection with this Reaffirmation Agreement. Describe the credit limit, the Annual Percentage Rate that applies to future credit and any other terms on future purchases and advances using such credit: II. DEBTOR'S STATEMENT IN SUPPORT OF REAFFIRMATION AGREEMENT 1. Were you represented by an attorney during the course of negotiating this agreement ? Check one. Y Yes D NO 2. Is the creditor a credit union ? Check one. O Yes 8 No Thomas Michael Roryan aird Christina Marie Royan 17 - 04532 Case 17 - 04532 - TOM7 Doc 21 Filed 01 / 23 / 18 Entered 01 / 23 / 18 17: 19: 02 Desc Main Document Page 4 of 9 Page 3 B2400A (Form 2400A) (12 / 15) 3. If your answer to EITHER question 1. or 2. above is " No " complete a. and b. below. a. My present monthly income and expenses are: i. Monthly income from all sources after payroll deductions (take - home pay plus any other income) ii. Monthly expenses (including all reaffirmed debts except this one) $ S14 | $ 394896 $ _ 1992. of $ 538. 04 iii. Amount available to pay this reaffirmed debt (subtract ii, from i .) iv. Amount of monthly payment required for this reaffirmed debt If the monthly payment on this reaffirmed debt (line iv .) is greater than the amount you have available to pay this reaffirmed debt (line iii .), you must check the box at the top of page one that says " Presumption of Undue Hardship. " Otherwise, you must check the box at the top of page one that says " No Presumption of Undue Hardship. " b. I believe that this reaffirmation agreement will not impose an undue hardship on my dependents or on the because: Check one of the two statements below, if applicable: A I can afford to make the payments on the reaffirmed debt because my monthly income is greater than my monthly expenses even after I include in my expenses the monthly payments on all debts I am reaffirming, including this one. O I can afford to make the payments on the reaffirmed debt even though my monthly income is less than my monthly expenses after I include in my expenses the monthly payments on all debts I am reaffirming, including this one, because: Use an additional page if needed for a full explanation. 4. If my answers to BOTH questions 1. and 2, above were " Yes ", check the following statement, if applicable: O I believe this reaffirmation agreement is in my financial interest and I can afford to make the payments on the reaffirmed debt. Also, check the box at the top of page one that says " No Presumption of Undue Hardship. " Thomas Michael Roivan and Clıristina Maric Rowan (7 - 04532 Case 17 - 04532 - TOM7 Doc 21 Filed 01 / 23 / 18 Entered 01 / 23 / 18 17: 19: 02 Desc Main Document Page 5 of 9 B2400A (Form 2400A) (12 / 15) Page 4 III. CERTIFICATION BY DEBTOR (S) AND SIGNATURES OF PARTIES I (We) hereby certify that: i. I (We) agree to reaffirm the debt described above. ii. Before signing this reaffirmation agreement, I (we) read the terms disclosed in this Reaffirmation Agreement (Part 1) and the Disclosure Statement, Instructions and Definitions included in Part V below; iii. The Debtor's Statement in Support of Reaffirmation Agreement (Part II above) is true and complete; iv. I am (We are) entering into this agreement voluntarily and am (are) fully informed of my (our) rights and responsibilities; and V. I (We) have received a copy of this completed and signed Reaffirmation Documents packet. SIGNATURE (S): Date Signature Date _ 12 / u / 17 _ Signature _ 14 = Date _ 12 / 17 _ Signature _ Chusano levar Debtor Joint Debtor, if any If this is a joint reaffirmation agreement, both debtors must sign. Reaffirmation Agreement Terms Accepted by Creditor: Creditor Ally Bank I Print Name PO Box 130424, Roseville, MN 55113 - 0004 Address U - 23 Print Name of Representative Print Name of Representative innatead Signature Date IV. CERTIFICATION BY DEBTOR'S ATTORNEY (IF ANY) To be filed only if the attorney represented the debtor during the course of negotiating this agreement. I hereby certify that: (1) this agreement represents a fully informed and voluntary agreement by the debtor; (2) this agreement does not impose an undue hardship on the debtor or any dependent of the debtor; and (3) I have fully advised the debtor of the legal effect and consequences of this agreement and any default under this agreement. O A presumption of undue hardship has been established with respect to this agreement. In my opinion, however, the debtor is able to make the required payment. Check box, if the presumption of undue hardship box is checked on page 1 and the creditor is not a Credit Union. Date: Signature of Debtor's Attorney Print Name of Debtor's Attorney ft het D. Reese Print Name of Debtor's Attorney Thomas Michael Rowan and Christina Marie Rowan 17 - 04532 Case 17 - 04532 - TOM7 Doc 21 Filed 01 / 23 / 18 Entered 01 / 23 / 18 17: 19: 02 Desc Main Document Page 6 of 9 B2400A (Form 2400A) (12 / 15 } Page 5 V. DISCLOSURE STATEMENT AND INSTRUCTIONS TO DEBTOR Before agreeing to reaffirm a debt, review the terms disclosed in the Reaffirmation Agreement (Part I) and these additional important disclosures and instructions. Reaffirming a debt is a serious financial decision. The law requires you to take certain steps to make sure the decision is in your best interest. If these steps, detailed in Part B below, are not completed, the reaffirmation agreement is not effective, even though you have signed it. A. DISCLOSURE STATEMENT 1. What are your obligations if you reaffirm a debt ? A reaffirmed debt remains your personal legal obligation. Your reaffirmed debt is not discharged in your bankruptcy case. That means that if you default on your reaffirmed debt after your bankruptcy case is over, your creditor may be able to take your property or your wages. Your obligations will be determined by the reaffirmation agreement, which may have changed the terms of the original agreement. If you are reaffirming an open end credit agreement, that agreement or applicable law may permit the creditor to change the terms of that agreement in the future under certain conditions. 2. Are you required to enter into a reaffirmation agreement by any law ? No, you are not required to reaffirım a debt by any law. Only agree to reaffirm a debt if it is in your best interest. Be sure you can afford the payments that you agree to imake, 3. What if your creditor has a security interest or lien ? Your bankruptcy discharge does not eliminate any lien on your property. A " lien " is often referred to as a security interest, deed of trust, mortgage, or security deed. The property subject to a lien is often referred to as collateral. Even if you do not reaffirm and your personal liability on the debt is discharged, your creditor may still have a right under the lien to take the collateral if you do not pay or default on the debt. If the collateral is personal property that is exempt or that the trustee has abandoned, you may be able to redeem the item rather than reaffirm the debt. To redeem, you make a single payment to the creditor equal to the current value of the collateral, as the parties agree or the court determines. 4. How soon do you need to enter into and file a reaffirmation agreement ? If you decide to enter into a reaffirmation agreement, you must do so before you receive your discharge. After you have entered into a reaffirmation agreement and all parts of this Reaffirmation Documents packet requiring a signature have been signed, eitiier you or the creditor should file it as soon as possible. The signed agreement must be filed with the court no later than 60 days after the first date set for the meeting of creditors, so that the court will have time to schedule a hearing to approve the agreement if approval is required. 5. Can you cancel the agreement ? You may rescind (cancel } your reaffirmation agreement at any time before the bankruptcy court enters your discharge, or during tlhe 60 - day period that begins on the date your reaffirmation agreement is filed with the court, whichever occurs later, To rescind (cancel) your reaffirmation agreement, you must notify the creditor that your reaffirmation agreement is rescinded (or canceled) . Remember that you can rescind tlhe agreement, even if the court approves it, as long as you rescind within the time allowed. Thomas Michael Rowan and Christina Marie Royan 17 - 04532 Case 17 - 04532 - TOM7 Doc 21 Filed 01 / 23 / 18 Entered 01 / 23 / 18 17: 19: 02 Desc Main Document Page 7 of 9 B2400A (Form 2400A) (12 / 15) Page 6 6. When will this reaffirmation agreement be effective ? a. If you were represented by an attorney during the negotiation of your reaffirmation agreement i. if the creditor is not a Credit Union, your reaffirmation agreement becomes effective upon fiting with the court unless the reaffirmation is presumed to be an undue hardship in which case tlhe agreement becomes effective only after the court approves it; ii. if the creditor is a Credit Union, your reaffirmation agreement becomes effective when it is filed with the court. b. If you were not represented by an attorney during the negotiation of your reaffirmation agreement, the reaffirmation agreement will not be effective unless the court approves it. To have the court approve your agreement, you must file a motion. See Instruction 5, below. The court will notify you and the creditor of the hearing on your reaffirmation agreement. You must attend this hearing, at which time the judge will review your Reaffirmation Agreement. If the judge decides that the reaffirmation agreement is in your best interest, the agreement will be approved and will become effective. However, if your reaffirmation agreement is for a consumer debt secured by a mortgage, deed of trust, security deed, or otlier lien on your real property, like your home, you do not need to file a notion or get court approval of your reaffirmation agreement. 7. What if you have questions about what a creditor can do ? If you have questions about reaffirming a debt or what the law requires, consult with the attorney who helped you negotiate this agreement, if you do not have an attorney helping you, you may ask the judge to explain the effect of this agreement to you at the hearing to approve the reaffirmation agreement, When this disclosure refers to what a creditor " may " do, it is not giving atiy creditor permission to do anything. The word " may " is used to tell you what might occur if the law permits the creditor to take the action. INSTRUCTIONS Review these Disclosures and carefully consider your decision to reaffirm. If you want to reaffirm, review and complete the information contained in the Reaffirmnation Agreement (Part I above) . If your case is a joint case, both spouses must sign tihe agreement if both are reaffirming the debt. 2. Complete the Debtor's Statement in Support of Reaffirmation Agreement (Part II above), Be sure that you can afford to make the payments that you are agreeing to make and that you have received a copy of the Disclosure Statement and a completed and signed Reaffirmatio11 Agreement. 3. If you were represented by an attorney during the negotiation of your Reaffirmation Agreement, your attorney must sign and date the Certification By Debtor's Attorney section (Part IV above) . 4. You or your creditor must file with the court the original of this Reaffirmation Documents packet and a completed Reaffirmation Agreement Cover Sheet (Official Bankruptcy Forin 427) . 5. If you are not represented by an attorney, you must also complete and file with the court a separate document entitled " Motion for Court Approval of Reaffirmation Agreement " unless your reaffirmation agreement is for a consumer debi secured by a lien on your real property, such as your hone. You can use Form B2400B to do this. Thomas Michael Rosean and Christina Marie Rowan 17 - 04532 Case 17 - 04532 - TOM7 Doc 21 Filed 01 / 23 / 18 Entered 01 / 23 / 18 17: 19: 02 Desc Main Document Page 8 of 9 B2400A (Form 2400A) (12 / 15) Page 7 C. DEFINITIONS 1. " Amount Reaffirmed " means the total amount of debt that you are agreeing to pay (reaffirm) by entering into this agreement. The amount of debt includes any unpaid fees and costs arising on or before the date you sign this agreement that you are agreeing to pay. Your credit agreement may obligate you to pay additional amounts that arise after the date you sign this agreement. You should consult your credit agreement to determine whether you are obligated to pay additional amounts that may arise after the date of this agreement. 2 " Annual Percentage Rate " means the interest rate on a loan expressed under the rules required by federal law. The annual percentage rate (as opposed to the " stated interest rate") tells you the full cost of your credit including many of the creditor's fees and charges. You will find the annual percentage rate for your original agreement on the disclosure statement that was given to you when the loan papers were signed or on the monthly statements sent to you for an open end credit account such as a credit card. 3 " Credit Union " means a financial institution as defined in 12U.S. C. & 461 (b) (1) (A) (iv) . It is owned and controlled by and provides financial services to its members and typically uses words like " Credit Union " or initials like " C. U. " or " F. C. U. " in its name. Thomas Michacl Rowan and Christina Maric Rowa 17 - 04532 Case 17 - 04532 - TOM7 Doc 21 Filed 01 / 23 / 18 Entered 01 / 23 / 18 17: 19: 02 Desc Main Document Page 9 of 9

Reaffirmation Agreement Between Debtor and Ally Bank Filed by Creditor Ally Bank.

Fill in this information to identify your case: Debtor 1 Christina Marie Rowan Debtor 2 Thomas Michael Rowan (Spouse, if filing) United States Bankruptcy Court for the: Northern District of Alabama (State) Case number 17 - 04532 Official Form 427 Cover Sheet for Reaffirmation Agreement 12 / 15 Anyone who is a party to a reaffirmation agreement may fill out and file this form. Fill it out completely, attach it to the reaffirmation agreement, and file the documents within the time set under Bankruptcy Rule 4008. Part 1: Explain the Repayment Terms of the Reaffirmation Agreement 1. Who is the creditor ? Ally Bank Name of the creditor 2. How much is the debt ? On the date that the bankruptcy case is filed $ 12, 000. 26 To be paid under the reaffirmation agreement $ 11, 614. 92 $ 407. 62 per month for 1 months (if fixed interest rate) $ 408. 81 per month for 30 months (if fixed interest rate) 3. What is the Annual Percentage Rate (APR) of interest ? (See Bankruptcy Code S 524 (k) { 3 } (E) .) Before the bankruptcy case was filed 4. 49 % Under the reaffirmation agreement 4. 49 % 7 Fixed T Adjustable Rate 4. Does collateral secure the debt ? No 7 Yes. Describe the collateral. 2012 NISSAN QUEST VIN: JN8AE2KP2C9048907 Current market value $ 12, 625. 00 1 5. Does the creditor assert 7 No that the debt is nondischargable ? Yes. Attach an explanation of the nature of the debt and the basis for contending that the debt is nondischargable. 6. Using Information from Income and expenses reported on Schedules I and J Income and expenses stated on the reaffirmation agreement Schedule I: Your Income (Official Form 1061) and Schedule J: Your 6a. Combined monthly income from 6e. Monthly income from all sources Expenses (Official Form line 12 of Schedule 1 after payroll deductions 106 .), fill in the amounts. 6b. Monthly expense from line 22c of - $ 1907. 10 6f. Monthly expenses $ YET. y Schedule J 6c, Monthly payments on all reaffirmed debts not listed on Schedule J - $ 0 6g. Monthly payments on all reaffirmed debts not included in after payroll deductions 6d. Scheduled net monthly income $ / YSY. 6h. Present net monthly income Subtract lines 6b and 6c from 6a. Subtract lines 6f and 6g from 6e. If the total is less than 0, put the number in brackets. If the total is less than 0, put the number in brackets. Official Form 427 Case 17 - 04532 - TOM7 Doc 22oveShed fonRegfigatioEARErwend1 / 23 / 18 17: 21: 05 Desc Maliye 1. Document Page 1 of 9 Debtor 1 Case Number (if known) 17 - 04532 Christina Marie Rowan First Name Middle Name Last Name 7. Are the income amounts on the lines 6a and 6e different ? Γ Νο Yes. Explain why they are different and complete line 10. talke hnu in Chinl hus inl Muse, 8. Are the expense amounts on line 6b and 6f different ? Y No Yes. Explain why they are different and complete line 10. 9. Is the net monthly income in line 6h less than 0 ? Y No Yes. A presumption of hardship arises (unless creditor is a credit union) . Explain how the debtor will make monthly payments on the reaffirmed debt and pay other living expeses. Complete line 10. 10. Debtor's certification about lines 7 - 9 I certify that each explanation on lines 7 - 9 is true and correct. If any answer on line 7 - 9 is Yes, the debtor must sign here. VUMA LUtilaj Signature of Debtor 2 (Spouse Only in a Joint Case) If all the answers on lines 7 - 9 are No, go to line 11. Signature of Debtor 1 11. Did an attorney represent the debtor in negotiating the reaffirmation agreement ? No Yes. Has the attorney executed a declaration or an affidavit to support the reaffirmation agreement ? Γ Νο X Yes Part 2: Sign Here Whoever fills out this form must sign here. I certify that the attached agreement is a true and correct copy of the reaffirmation agreement between the parties identified on this Cover Sheet for Reaffirmation Agreement. ou 1 - 38 Date Signature MM / DD / YYYY trana Printed Name 1 Check one: Debtor or Debtor's Attorney Creditor or Creditor's Attorney Official Form 427. Case ' 17 - 04532 - TOM7 Doc 2£ov # fbestóLFestigationssetPo1 / 23 / 18 17: 21: 05 Desc Marage 2 Document Page 2 of 9 B2400A (Form 2400A) (12 / 15) Check one. | I, Presumption of Undue Hardship A No Presumption of Undue Hardship sée Debtor's Statement in Support of | Reaffirmation, Part II below, to determine | wltich box to check. UNITED STATES BANKRUPTCY COURT Northern District of Alabama In re Christina Maric Rowan and Thomas Michael Rowan, Case No. 17 - 04532 Debtor (s) Chapter 7 REAFFIRMATION DOCUMENTS Name of Creditor: Ally Bank O Check this box if Creditor is a Credit Union I. REAFFIRMATION AGREEMENT Reaffirming a debt is a serious financial decision. Before entering into this Reaffirmation Agreement, you must review the important disclosures, instructions, and definitions found in Part V of this Reaffirmation Documents packet. 1. Brief description of the original agreement being reaffirmed: Auto – Contract For example, auto loan 2. AMOUNT REAFFIRMED: $ 11, 614. 92 The Amount Reaffirmed is the entire amount that you are agreeing to pay. This may include unpaid principal, interest, and fees and costs (if any) arising on or before the date you sign this Reaffirmation Agreement. See the definition of " Amount Reaffirmed " in Part V. C below. 3. The ANNUAL PERCENTAGE RATE applicable to the Amount Reaffirmed is 4. 49 % . See definition of " Annual Percentage Rate " in Part V. C below. This is a (check one) * Fixed rate O Variable rate If the loan has a variable rate, the future interest rate may increase or decrease from the Annual Percentage Rate disclosed here, Christina Marju Rowan attd Thomas Micliacl Royan 17 - 04532 Case 17 - 04532 - TOM7 Doc 22 _ Filed 01 / 23 / 18 Entered 01 / 23 / 18 17: 21: 05 Desc Main Document Page 3 of 9 B2400A (Forın 2400A) (12 / 15 } Page 2 4. Reaffirmation Agreement Repayment Terms: 8 I payment of $ 407. 62 due on December 20, 2017. 30 regular monthly payments of $ 408, 81 starting on January 20, 2018. O Describe repayiment terms, including whether future payment amount (s) may be different from the initial payment amount. 5. Describe the collateral, if any, securing the debt: Description: 2012 NISSAN QUEST VIN: JN8AE2KP2C9048907 Current Market Value; $ 12, 625. 00 6. Did the debt that is being reaffirmed arise from the purchase of the collateral described above ? | Yes O No If yes, what was the purchase price for the collateral ? $ 25, 713. 08 If no, what was the amount of the original loan ? $ 7. Detail the changes made by this Reaffirmation Agreement to the most recent credit terms on tlhe reaffirmed debt and any related agreement: Terms as of the Terms After Date of Bankruptcy Reaffirmation Balance due (including fees and costs) $ 12, 000. 26 $ 11, 614. 92 Annual Percentage Rate 4. 49 % 4. 49 % Monthly Payment $ 408. 81 $ 408. 81 Check this box if the creditor is agreeing to provide you with additional future credit in connection with this Reaffirmation Agreement. Describe the credit limit, the Annual Percentage Rate that applies to future credit and any other terms on future purchases and advances using such credit: 8. O II. DEBTOR'S STATEMENT IN SUPPORT OF REAFFIRMATION AGREEMENT 1. Were you represented by an attorney during the course of negotiating this agreement ? Check one, | Yes O NO 2. Is the creditor a credit union ? Check one. O Yes | No Christina Marie Rowan and Thomas Micliaci Roxan 17 - 04532 Case 17 - 04532 - TOM7 Doc 22 Filed 01 / 23 / 18 Entered 01 / 23 / 18 17: 21: 05 Desc Main Document Page 4 of 9 B2400A (Forim 2400A) (12 / İ5) Page 3 3. If your answer to EITHER question 1. or 2. above is " No " complete a. and b. below. a. My present monthly income and expenses are: $ SGY / eo i. Monthly income from all sources after payroll deductions (take - home pay plus any other income) ii, Monthly expenses (including all reaffirmed debts except this one) SYDIG. 38 iii. Amount available to pay this reaffirmed debt (subtract ii. from i .) $ 78 bl $ 462ule 2 iv. Amount of monthly payment required for this reaffirmed debt If the monthly payment on this reaffirmed debt (line iv .) is greater than the amount you have available to pay this reaffirmed debt (line iii .), you must check the box at the top of page one that says " Presumption of Undue Hardship. " Otherwise, you must check the box at the top of page one that says " No Presumption of Undue Hardship. " b. I believe that this reaffirmation agreement will not impose an undue hardship on my dependents or on me because: Check one of the two statements below, if applicable: > I can afford to make the payments on the reaffirmed debt because my monthly income is greater than my monthly expenses even after I include in my expenses the monthly payments on all debts I am reaffirming, including this one. O I can afford to make the payments on the reaffirmed debt even though my monthly income is less than my monthly expenses after I include in my expenses the monthly payments on all debts I am reaffirming, including this one, because: Use an additional page if needed for a full explanation, 4. If my answers to BOTH questions 1, and 2. above were " Yes ", check the following statement, if applicable: O I believe this reaffirmation agreement is in my financial interest and I can afford to make the payments on the reaffirmed debt. Also, check the box at the top of page one that says " No Presumption of Undue Hardship. " Christina Mariç Rowan and Thomas Michael Rowan 17 - 04532 Case 17 - 04532 - TOM7 Doc 22 Filed 01 / 23 / 18 Entered 01 / 23 / 18 17: 21: 05 Desc Main Document Page 5 of 9 B2400A (Form 2400A) (12 / 15) Page 4 III. CERTIFICATION BY DEBTOR (S) AND SIGNATURES OF PARTIES I (We) hereby certify that: i. I (We) agree to reaffirm the debt described above. ii. Before signing this reaffirmation agreement, I (we) read the terms disclosed in this Reaffirmation Agreement (Part I) and the Disclosure Statement, Instructions and Definitions included in Part V below; iii. The Debtor's Statement in Support of Reaffirmation Agreement (Part II above) is true and complete; iv. I am (We are) entering into this agreement voluntarily and am (are) fully informed of my (our) rights and responsibilities; and V. I (We) have received a copy of this completed and signed Reaffirmation Documents packet. SIGNATURE (S): Date Signature Date _ z / u / 17, Signature _ JALA Date _ 1 / 7 Signature _ Chaistein - Asur Debtor Date Signature Joint Debtor, if any If this is a joint reaffirmation agreement, both debtors must sign. Reaffirmation Agreement Terms Accepted by Creditor: Creditor Ally Bank I Print Name PO Box 130424, Roseville, MN 55113 - 0004 Address e - 2BIE | | Print Name of Representative Signature Date | Iv. CERTIFICATION BY DEBTOR'S ATTORNEY (IF ANY) To be filed only if the attorney represented the debtor during the course of negotiating this agreement. y certify that: (1) this agreement represents a fully informed and voluntary agreement by the debtor; (2) this agreement does not impose an undue hardship on the debtor or any dependent of the debtor; and (3) I have fully advised the debtor of the legal effect and consequences of this agreement and any default under this agreement. O A presumption of undue hardship has been established with respect to this agreement. In my opinion, however, the debtor is able to make the required payment. Check box, if the presumption of undue hardship box is checked on page l and the creditor is not a Credit Union. hir Mh Date Signature of Debtor's Attorney Print Name of Debtor's Attorney Christina Marie Rowan and Thomas Michael Rowan 17 - 04532 Case 17 - 04532 - TOM7 Doc 22 Filed 01 / 23 / 18 Entered 01 / 23 / 18 17: 21: 05 Desc Main Document Page 6 of 9 B2400A (Form 2400A) (12 / 15) Page 5 V. DISCLOSURE STATEMENT AND INSTRUCTIONS TO DEBTOR Before agreeing to reaffirm a debt, review the terms disclosed in the Reaffirmation Agreement (Part I) and these additional important disclosures and instructions. Reaffirming a debt is a serious financial decision. The law requires you to take certain steps to make sure the decision is in your best interest. If these steps, detailed in Part B below, are not completed, the reaffirmation agreement is not effective, even though you have signed it. A. DISCLOSURE STATEMENT 1. What are your obligations if you rea ſfirm a debt ? A reaffirmed debt remains your personal legal obligation. Your reaffirmed debt is not discharged in your bankruptcy case. That means that if you default on your reaffirmed debt after your bankruptcy case is over, your creditor may be able to take your property or your wages. Your obligations will be determined by the reaffirmation agreement, which may have changed the terms of the original agreement. If you are reaffirming an open end credit agreement, that agreement or applicable law may permit the creditor to change the terms of that agreertient in the future under certain conditions. 2. Are you required to enter into a reaffirmation agreement by any law ? No, you are not required to reaffirm a debt by any law. Only agree to reaffirin a debt if it is in your best interest. Be sure you can afford the payments that you agree to make. 3. What if your creditor has a security interest or lien ? Your bankruptcy discharge does not eliminate any tien on your property. A " lien " is often referred to as a security interest, deed of trust, mortgage, or security deed. The property subject to a lien is often referred to as collateral. Even if you do not reaffirm and your personal liability on the debt is discharged, your creditor may still have a right under the lien to take the collateral if you do not pay or default on the debt. If the collateral is personal property that is exempt or tlıat the trustee has abandoned, yoll may be able to redeem the item ratlier than reaffirin the debt. To redeem, you make a single payment to the creditor equal to the current value of the collateral, as the parties agree or the court. determines. 4. How soon do you need to enter into and file a reaffirmation agreement ? If you decide to enter into a reaffirmation agreement, you must do so before you receive your discharge. After you have entered into a reaffirmation agreement and all parts of this Reaffirmation Documents packet requiring a signature have been signed, either you or the creditor should file it as soon as possible. The signed agreement must be filed with the court no later than 60 days after the first date set for meeting of creditors, so that the court will have time to schedule a hearing to approve the agreement if approval is required. | CA S. Can you cancel the agreement ? You may rescind (cancel) your reaffirmation agreement at any time before the bankruptcy court enters your discharge, or during the 60 - day period that begins on the date your reaffirmation agreement is filed with the court, whichever occurs later, To rescind (cancel) your reaffirmation agreement, you must notify the creditor that your reaffirmation agreement is rescinded (or canceled) . Remember that you can rescind the agreement, even if the court approves it, as long as you rescind within the time allowed. Christina Maric Rowan and Tihonias Miclzaci Rowan 17 - 04532 Case 17 - 04532 - TOM7 Doc 22 Filed 01 / 23 / 18 Entered 01 / 23 / 18 17: 21: 05 Desc Main Document Page 7 of 9 B2400A (Form 2400A) (12 / 15) Page 6 6. When will this reaffirmation agreement be effective ? a. If you were represented by an attorney during the negotiation of your reaffirmation agreement i. if the creditor is not a Credit Union, your reaffirmation agreement becomes effective upon filing with the court unless the reaffirmation is presumed to be an undue hardship in which case the agreement becomes effective only after the court approves it; ii. if the creditor is a Credit Union, your reaffirmation agreement becomes effective when it is filed with the court. b. If you were not represented by an attorney during the negotiation of your reaffirmation agreement, the reaffinnation agreement will not be effective unless the court approves it. To have the court approve your agreement, you must file a motion. See Instruction 5, below. The court will notify you and the creditor of the hearing on your reaffirmation agreement. You must attend this hearing, at which time the judge will review your Reaffirmation Agreement, If the judge decides that the reaffirmation agreement is in your best interest, the agreement will be approved and will become effective. However, if your reaffirmation agreement is for a consumer debt secured by a mortgage, deed of trust, security deed, or other lien on your real property, like your home, you do not need to file a imotion or get court approval of your reaffirmation agreement. 7. What if you have questions about what a creditor can do ? If you have questions about rcaſfirming a debt or what the law requires, consult with the attorney who helped you negotiate this agreement, If you do not have an attorney helping you, you may ask the judge to explain the effect of this agreement to you at the hearing to approve the reaffirmation agreement. When this disclosure refers to what a creditor " may " do, it is not giving any creditor permission to do anything. The word " may " is used to tell you what might occur if the law permits the creditor to take the action. B, INSTRUCTIONS Review these Disclosures and carefully consider your decision to reaffirm. If you want to reaffirm, review and complete the information contained in the Reaffirmation Agreement (Part I above) . If your case is a joint case, both spouses Must sign tlie agreement if both are reaffirming the debt. 2. Complete the Debtor's Statement in Support of Reaffirmation Agreement (Part II above) . Be sure that you can afford to make the payments that you are agreeing to make and that you have received a copy of the Disclosure Statement and a completed and signed Reaffirmation Agreement. 3. If you were represented by an attorney during the negotiation of your Reaffirmation Agreement, your attorney must sign and date the Certification By Debtor's Attorney section (Part IV above) . 4. You or your creditor must file with the court the original of this Reaffirmation Documents packet and a coinpleted Reaffirmation Agreement Cover Sheet (Official Bankruptcy Form 427) . 5. If you are not represented by an attorney, you must also complete and file with the couri a separate document entitled " Motion for Court Approval of Reaffirmation Agreement " unless your reaffirmation agreement is for a consumer dehi secured by a lien o17 your real property, such as your home. You can use Form B2400B to do this. Christina Marie Rowan and Thomas Micliae) Rowan 17 - 04532 Case 17 - 04532 - TOM7 Doc 22 Filed 01 / 23 / 18 Entered 01 / 23 / 18 17: 21: 05 Desc Main Document Page 8 of 9 B2400A (Form 2400A) (12115) Page 7 DEFINITIONS 1. " Amount Reaffirmed " means the total amount of debt that you are agreeing to pay (reaffirm) by entering into this agreement. The amount of debt includes any unpaid fees and costs arising on or before the date you sign this agreement that you are agreeing to pay. Your credit agreement may obligate you to pay additional amounts that arise after the date you sign this agreement. You should consult your credit agreement to determine whether you are obligated to pay additional amounts that may arise after the date of this agreement. 2 " Annual Percentage Rate " means the interest rate on a loan expressed under the rules required by federal law. The annual percentage rate (as opposed to the " stated interest rate") telis you the full cost of your credit including many of the creditor's fees and charges. You will find the annual percentage rate for your original agreement on the disclosure statement that was given to you when the loan papers were signed or on the nmonthly statements sent to you for an open end credit account such as a credit card, 3 " Credit Union " means a financial institution as defined in 12U.S. C. 461 (b) (1) } (A) } (iv) . It is owned and controlled by and provides financial services to its members and typically uses words like " Credit Union " or initials like " C. U. " or " F. C. U. " in its name. Christina Marie Rowan and Thomas Michael Rowan 17 - 04532 Case 17 - 04532 - TOM7 Doc 22 Filed 01 / 23 / 18 Entered 01 / 23 / 18 17: 21: 05 Desc Main Document Page 9 of 9

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Description
1
10/20/2017
Chapter 7 Voluntary Petition for Individuals. Fee Amount $335 Filed by Thomas Michael Rowan, Christina Marie Rowan
3
10/20/2017
Certificate of Credit Counseling for Debtor and Joint Debtor Filed Filed by Joint Debtor Christina Marie Rowan, Debtor Thomas Michael Rowan.
4
10/20/2017
Employee Income Records Filed by Joint Debtor Christina Marie Rowan, Debtor Thomas Michael Rowan.
10/20/2017
Receipt of Voluntary Petition (Chapter 7)(17-04532-7) [misc,volp7] (335.00) Filing Fee. Receipt number 21307144. Fee Amount 335.00 (re:Doc# 1) (U.S. Treasury) (Text entry; no document attached.)
5
10/20/2017
Meeting of Creditors with 341(a) meeting to be held on 11/27/2017 at 01:30 PM at Creditor Meeting Room Birmingham. Objections for Discharge due by 01/26/2018.
6
10/21/2017
Notice of Requirement to Complete Course in Financial Management. (Admin)
7
10/22/2017
BNC Certificate of Notice (RE: related document(s) 5 Meeting of Creditors (Chapter 7)). Notice Date 10/22/2017.
8
10/23/2017
Order Appointing Trustee. Andre' M Toffel added to the case. Signed on 10/23/2017.
9
10/25/2017
BNC Certificate of Notice (RE: related document(s) 6 Notice of Requirement to Complete Course in Financial Management). Notice Date 10/25/2017.
10
11/13/2017
Motion for Relief from Stay, Fee Amount $181, Filed by Creditor Regions Bank
11
11/13/2017
Fact Summary for a Motion for Relief from Stay Filed by Creditor Regions Bank (RE: related document(s) 10 Motion for Relief from Stay, Fee Amount $181,).
11/13/2017
Receipt of Motion for Relief from Stay(17-04532-TOM7) [motion,mrlfsty] (181.00) Filing Fee. Receipt number 21391627. Fee Amount 181.00 (re:Doc# 10) (U.S. Treasury) (Text entry; no document attached.)
12
11/13/2017
Notice of Final Hearing on Motion for Relief from Stay filed by Regions Bank (RE: related document(s) 10 Motion for Relief from Stay filed by Creditor Regions Bank). Hearing scheduled 12/7/2017 at 10:00 AM at Courtroom 3 (TOM) Birmingham.
11/13/2017
Corrective Entry - regenerated notice to correct spelling of attorney name. (RE: related document(s) 12 Hearing (Motion for Relief) Set). (Text entry; no document attached.)
14
11/15/2017
BNC Certificate of Notice (RE: related document(s) 12 Hearing (Motion for Relief) Set). Notice Date 11/15/2017.
15
11/27/2017
Personal Financial Management Course Certificate for Debtor
16
11/27/2017
Personal Financial Management Course Certificate for Joint Debtor
17
11/27/2017
Chapter 7 Trustee's Report of No Distribution: I, Andre' M Toffel, having been appointed trustee of the estate of the above-named debtor(s), report that I have neither received any property nor paid any money on account of this estate; that I have made a diligent inquiry into the financial affairs of the debtor(s) and the location of the property belonging to the estate; and that there is no property available for distribution from the estate over and above that exempted by law. Unless the Court orders otherwise, I deem abandoned any and all property of the estate that was scheduled in the petition and was unadministered as of the date of this report, and pursuant to Fed R Bank 5009, I hereby certify that the estate of the above-named debtor(s) has been fully administered. I request that I be discharged from any further duties as trustee. Key information about this case as reported in schedules filed by the debtor(s) or otherwise found in the case record: This case was pending for 1 months. Assets Abandoned (without deducting any secured claims): $ 274160.00, Assets Exempt: $ 35826.00, Claims Scheduled: $ 351693.00, Claims Asserted: Not Applicable, Claims scheduled to be discharged without payment (without deducting the value of collateral or debts excepted from discharge): $ 351693.00. Debtor appeared. Joint debtor absent. (Toffel, Andre')
18
11/28/2017
Order Granting without objection the Motion For Relief From Stay. (Related Doc # 10) Signed on 11/28/2017.
19
11/30/2017
BNC Certificate of Notice (RE: related document(s) 18 Order on Motion For Relief From Stay). Notice Date 11/30/2017.
20
01/18/2018
Reaffirmation Agreement Between Debtor and Ditech Financial LLC Filed by Creditor DITECH FINANCIAL LLC.
1
Exhibit
1 Attachment
21
01/23/2018
Reaffirmation Agreement Between Debtor and Ally Bank Filed by Creditor Ally Bank.
22
01/23/2018
Reaffirmation Agreement Between Debtor and Ally Bank Filed by Creditor Ally Bank.
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