Credit card debt incurred through actual fraud or misrepresentation generally won't be discharged either. For example, if you lied on your credit application about your income or used someone else's identity to obtain credit, those debts will likely survive bankruptcy. Or, if your credit card sp...
Should a couple choose to file jointly, all combined property and debts become a part of the bankruptcy. While it makes sense in some situations to file jointly, in others a debtor might be better off filing alone. A joint Chapter 7 bankruptcy filing will wipe out all dischargeable debts ...
Chapter 7bankruptcies, in which many of the debtor's assets will be sold off to pay their creditors, generally result in a discharge about four months after the bankruptcy petition is filed.Chapter 13bankruptcies, in which debtors get to keep more of their assets but must agree to a plan t...
medical bills, personal loans, and utility bills. However, certain obligations, such as child support, alimony, student loans, and some tax debts, may not be discharged. It is essential to consult with a bankruptcy attorney to understand which debts are eligible for discharge in your specific s...
(Some tax debt, debt as a result of malice and divorce settlements are typicallynot eligible for discharge.) If you file for Chapter 13 bankruptcy, the court will typically discharge a portion of your debt while restructuring the rest to make it more affordable based on your budget. In ...
After completing the chapter 13 payment plan, remaining debts will be assessed by the court. The discharge, assuming it is approved, will occur soon afterward.Now, you may be wondering why you don't have an immediate discharge as you would with the Chapter 7. Where's the payoff for not ...
Bankruptcy discharge of tax debts The bankruptcy court will not discharge most taxes, no matter what type of bankruptcy case you file. If the government filed a lien on your property before you filed bankruptcy, you still have to pay the taxes to remove it. ...
Individuals often assume that filing bankruptcy will eliminate all their debts. Unfortunately, not all debts are dischargeable underChapter 7 bankruptcy. Most people, however, have debts that can be discharged under Chapter 7 however, individuals should be aware of debts that may not be discharged....
A Chapter 13 filing takes into account all of your obligations and payments – whether dischargeable or not. If you are able to get a payment plan confirmed and make your payments, you will be protected from collection enforcement tools like wage assignments, levies against your checking and ...
When a debtor files for Chapter 7 bankruptcy, he must inform the court of all of his liabilities, including returned checks. Returned checks represent the debtor's unpaid debts. As such, they are dischargeable in bankruptcy, unless the creditor can ... ...