Assertion: bankruptcy's debt | /r/HasProperty | forgiven
Facets:
Source sentences:
text: Not all of the property is liquidated however; some debts are “discharged” or forgiven to allow the person a chance to recover financially.
text: That’s one example of how bankruptcy, which allows overwhelming debt to be forgiven or restructured under the protection of a federal court, can happen to anyone.
text: Discharge: Three to six months after filing your petition, your case will be discharged, meaning that eligible debts are forgiven.
text: Many consumer debts are dischargeable, which means that the debt could be forgiven or renegotiated if you qualify for bankruptcy.
text: However, whatever unsecured debt is left after the payment plan is complete will be forgiven.
text: Unsecured debt, such as credit card debt, is more likely to be forgiven than secured debt, such as a home or auto loan.
text: While this can make sense early on in a bankruptcy, many years down the road, long after debts have been forgiven or repaid, it can continue to haunt the filer.