Posts Tagged ‘discharge of debts’
What Happens After Your Chapter 7 Bankruptcy Petition Is Filed?
You are finally ready to file your bankruptcy petition. You have put in all of the hard work. Your attorney has all of the information necessary to put your case together. Your credit counseling course is completed. You have met with your attorney and signed your Chapter 7 bankruptcy petition papers. But what happens next?…
Read MoreThe Dayton Bankruptcy Attorney: Tax Debt and Bankruptcy
Can Tax Debt Be Discharged in Bankruptcy? “Tax debt is not dischargeable in bankruptcy,” is the assumption of many people faced with looming delinquent notices, but luckily that assumption is not entirely correct and relief may be available. Non-dischargeable tax debt includes debts for unpaid property taxes and any debts associated with unpaid income taxes,…
Read MoreThe Dayton Bankruptcy Attorney: Objections to Discharge
Creditors Last Line of Defense in Bankruptcy – Objections to Discharge Little stands in the way of a debtor who has passed the multiple hurdles in bankruptcy from discharging all of their unsecured debts, except a creditor’s objections to discharge. Discharge of debts is the primary purpose for filing bankruptcy; bankruptcy language for “getting rid of…
Read MoreFiling Time Limits in Bankruptcy
How often can I receive a discharge of debts through bankruptcy? Although you can file bankruptcy as many times as you want, you can only obtain a discharge – wiping your debts away – periodically based on what chapter you have filed. CHAPTER 7: If you have received a discharge in a Chapter 7…
Read MoreBankruptcy Basics: Watch out for Bankruptcy Crimes
When filing bankruptcy, always tell the truth! When filing for bankruptcy protection, a debtor must be honest and accurate in dealing with the court or face serious consequences, including being charged with a crime. The court requires debtors to divulge all assets and debts to insure the protection of creditors. By signing your petition, you…
Read MoreWho is not eligible for a Chapter 7 discharge?
Is It Time To File for Chapter 7 Bankruptcy Protection? Generally, the following persons are not eligible for a Chapter 7 discharge: A person who has been granted a discharge in a Ch. 7 case filed within the last 8 years. A person who has been granted a discharge in a Ch. 13 case filed within…
Read MoreWhat Is A Chapter 13 Bankruptcy Discharge?
Chapter 13 Discharge: Full v. Partial A Chapter 13 discharge is a court order releasing a debtor from all dischargeable debts and ordering creditors not to collect them from the debtor. A debt that is discharged is one that the debtor is released from and does not have to pay. There are two types of…
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