Assertion: bankruptcy's debt | /r/HasProperty | eliminated
Facets:
Source sentences:
text: Bankruptcy carries some significant long-term penalties because it will remain on your credit report for 7-10 years, but there is a great mental and emotional lift when you’re given a fresh start and all your debts are eliminated.
text: As part of these schedules, you and your lawyer will propose either a liquidation process or a plan of reorganization under which you may keep some or all of your property, while your debts are either eliminated or restructured.
text: Most debts are eliminated when your Chapter 7 discharge is granted, but some are not.
text: The attorney told the client that the 401(k) money was protected and that the debt could be eliminated.
text: The word “dismiss” shouldn’t be confused with discharge, which is when certain debts are eliminated.
text: Generally, under a Chapter 13 bankruptcy, a three to five year payment plan is established and once all the payments under the plan have been made, any remaining debt is eliminated.
text: The Bankruptcy Code and Federal Rules of Bankruptcy Procedure determine which chapter one is eligible to file, which debts can be eliminated, how long repayment must continue, which possessions can be kept, etc.