Assertion: bankruptcy's debt | /r/HasProperty | discharged
Facets:
value: fully
type: MANNER
value: during bankruptcy
type: TEMPORAL
value: completely
type: DEGREE
value: in
type: LOCATION
value: after completing the repayment plan
type: TEMPORAL
Source sentences:
text: Which Debts Are Discharged
text: Debts that are part of a discharge include credit cards, personal loans, other unsecured debts, medical bills, judgments from lawsuits, and any lease contracts a consumer may have.
text: Which Debts Are Discharged
text: Whether a Debt Was Discharged
text: Which Debts Are Discharged?
text: However, not all debts qualify to be discharged.
text: Certificates of completion are required before debts are discharged.
text: For example, absent some arrangement by a debtor to surrender a car or "reaffirm" a debt, the creditor with a security interest in the debtor's car may repossess the car even if the debt to the creditor is discharged.
text: Debts for money or property obtained by false pretenses, debts for fraud or defalcation while acting in a fiduciary capacity, and debts for willful and malicious injury by the debtor to another entity or to the property of another entity will be discharged unless a creditor timely files and prevails in an action to have such debts declared nondischargeable.
text: Debts for money or property obtained by false pretenses, debts for fraud or defalcation while acting in a fiduciary capacity, and debts for willful and malicious injury by the debtor to another entity or to the property of another entity will be discharged unless a creditor timely files and prevails in an action to have such debts declared nondischargeable.
text: Any debts remaining at the end of the grace period are discharged.
text: A fraud-related debt won’t be discharged if a creditor files a lawsuit (called an adversary proceeding) and convinces the judge that the debt should survive your bankruptcy.
text: This publication describes the bankruptcy discharge in a question and answer format, discussing the timing of the discharge, the scope of the discharge (what debts are discharged and what debts are not discharged), objections to discharge, and revocation of the discharge.
text: Debts for money or property obtained by false pretenses, debts for fraud or defalcation while acting in a fiduciary capacity, and debts for restitution or damages awarded in a civil case for willful or malicious actions by the debtor that cause personal injury or death to a person will be discharged unless a creditor timely files and prevails in an action to have such debts declared nondischargeable.
text: Debts for money or property obtained by false pretenses, debts for fraud or defalcation while acting in a fiduciary capacity, and debts for restitution or damages awarded in a civil case for willful or malicious actions by the debtor that cause personal injury or death to a person will be discharged unless a creditor timely files and prevails in an action to have such debts declared nondischargeable.
text: And, the discharge order forbids creditors and debt collectors from trying to make you pay debt that has been discharged.
text: After any non-exempt liquid assets have been distributed to your creditors, any remaining debt is discharged.
text: Once you’ve completed your Chapter 13 payment plan, any remaining debt is discharged.
text: However, even if the debt is discharged, the creditor may still have the right to foreclose on or repossess your property.
text: After completing the repayment plan in which you pay your creditors a portion of the outstanding debt over a fixed period of time, any remaining unsecured debts—such as credit cards and medical bills—may be "discharged.
text: When debt is discharged, it means you're no longer required to pay back the debt.
text: Unsecured debts, including credit card debt and medical debt, can be "discharged" using either Chapter 7 or Chapter 13.
text: If you successfully complete your repayment plan, any remaining unsecured debts may be discharged.
text: After bankruptcy is all said and done, most debts are discharged, but not all of them.
text: Once a debt has been discharged, the creditor can no longer take action against the debtor, such as attempting to collect the debt or seize any collateral.
text: In Chapter 13 bankruptcy, this applies only to injury to persons; debts for property damage may be discharged.
text: In other words, the debtor is no longer legally required to pay any debts that are discharged.
text: Not all debts are discharged.
text: The court will send your creditors a notice that the debts have been discharged.
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: Debts that are not backed by collateral can be fully discharged after you complete your court-mandated repayment plan.
text: The debts will still be discharged because you've devoted your best effort to pay your bills through Chapter 13.
text: Core matters can include interpreting the bankruptcy code itself, how claims are handled, what debts are discharged, Chapter 13 repayment plans and how Chapter 11 debtors are reorganized.
text: While not all debts fall into this category, the following are examples of debts that may be discharged.
text: The following debts can be discharged, but the discharge may be stopped if a creditor files a motion in court requesting that the debt be declared non-dischargeable.
text: Although you’re not personally liable for discharged debts, a valid lien (in other words, a charge upon specific property to secure payment of a debt) can remain in place even after debt is discharged.
text: It’s likely not a good idea to declare bankruptcy if your debts can’t be discharged.
text: Chapter 13 may permit the debtor to retain some significant assets, but also takes considerably longer before those debts are discharged.
text: Also, bankruptcy won't erase the history of your past debts, even if the debt itself is discharged.
text: Once a debt has been discharged, the creditor is prohibited from taking collection action on that debt—ever again.
text: Chapter 13 allows some debts to be discharged that can't be discharged in Chapter 7.
text: Debts that can be discharged and the amount of the discharge all depend on whether you file Chapter 7 or Chapter 13 bankruptcy.
text: In Chapter 7 bankruptcy, the trustee divides your nonexempt assets among your creditors, and any remaining debt will be discharged.
text: Bankruptcy is a court proceeding in which your assets and liabilities are examined to determine whether your debts should be discharged or restructured.
text: When you have debts that won’t be discharged, such as unpaid income taxes, domestic support obligations or student loans, Chapter 13 may be the better option.
text: Remember, not all your debts may be discharged during bankruptcy.
text: Not all debts can be discharged.
text: The remaining debts are discharged.
text: However, any unsecured debts that remain once your repayment plan is complete will be discharged.
text: For instance, instead of a judge having to separately decide whether each individual debt is discharged, the bankruptcy code in effect states that every debt is discharged unless it falls within a small subgroup of debts, or unless a creditor objects to discharge.
text: For instance, instead of a judge having to separately decide whether each individual debt is discharged, the bankruptcy code in effect states that every debt is discharged unless it falls within a small subgroup of debts, or unless a creditor objects to discharge.
text: Before a bankruptcy is finalized and debts can be discharged, consumers will be required to complete a pre-discharge financial education course from an EOUST (or Bankruptcy Administrator) approved agency.
text: When you complete the payments, debt not paid is discharged.
text: For instance, some debts that won’t be discharged after filing for bankruptcy include:
text: A trustee is appointed to liquidate nonexempt assets to pay creditors; after the proceeds are exhausted, the remaining debt is discharged.
text: I don’t want to include certain creditors in my filing because it’s important to me to pay them back someday and if the debt is discharged, I can’t ever repay them.
text: However, if a creditor objects to discharge, you’ll have to respond to their objection and tell the court why you believe the debt should be discharged.
text: Chapter 7 allows for your debts to be fully discharged, while Chapter 13 provides for an organized repayment plan (there’s also Chapter 11, though it is most often used by businesses).
text: Once debts are discharged, the debtor no longer has any liability for them and the creditor cannot pursue a debtor any further.
text: Note that for debts to be discharged, you will be expected to fulfill certain duties, which we’ll get into shortly.
text: However, some debts are not allowed to be discharged.
text: Once the debt is discharged, creditors and debt collectors are legally prohibited from attempting to collect it.
text: Chapter 7 : Most debts are discharged, but some are not.
text: : Most debts are discharged, but some are not.
text: Chapter 13: Most debts are discharged.
text: Generally, the payment plan lasts three to five years and any remaining debts will be discharged once you complete the plan.
text: No one can make you pay a debt that has been discharged, but you can voluntarily pay any debt you wish to pay.
text: You do not have to pay a secured claim if the debt is discharged, but the creditor can still take the property.
text: Even if a debt can be discharged, you may have special reasons why you want to promise to pay it.
text: After the objection is filed, you will have an opportunity to respond to it, and both sides may present evidence as to why the debt should be discharged or not.
text: Some debts may be fully discharged.
text: Not all debts may be discharged.
text: but before your debts are discharged.
text: Once liquidation in chapter 7, or the chapter 13 repayment plan, ends, any remaining unpaid debts are discharged, effectively ending the debtor's responsibility for them.
text: Once the plan is confirmed, debts that existed before the confirmation date (but not directly addressed in the plan) are discharged.
text: If you can prove that not discharging the student loan debt will cause you financial hardship after you complete your filing, then the debt may be discharged.
text: In a Chapter 7 bankruptcy, absent a successful objection by a creditor (which is rare), most credit card, medical, and legal debts are discharged, as are court judgments, deficiencies owed because of a foreclosure or repossession, and personal loans.
text: When a debt is discharged, the creditor is forever barred from trying to collect it from you.
text: Unfortunately, the general discharge order does not include a list of the debts that are actually discharged.
text: The general rule in a bankruptcy case is that a debt is discharged unless one of four things is true:
text: Therefore, to determine if any particular debt was discharged, it will be necessary to know whether something happened in the case that would change a debt that would be discharged into one that isn’t.
text: If you have a question about whether a debt is discharged, how do you find the answer?
text: If you complete your bankruptcy case and the debt is discharged, the lawsuit cannot start again.
text: Therefore, if a credit card company has a wage garnishment order, your company should stop withholding money from your pay because the debt should be discharged once you finish your Chapter 7 case.
text: What debts will be discharged (eliminated) in bankruptcy.
text: So, after a bankruptcy discharge, the debtor is no longer legally required to pay any debts that are discharged.
text: The discharge prohibits the creditors of the debtor from collecting on the debts that have been discharged.
text: The debts you listed in your bankruptcy petition are usually the only debts that are discharged.
text: If they do not object, the debt is discharged.
text: If they object, the court holds a hearing and decides whether the debt can be discharged.
text: Specifically, credit counseling must be completed before filing, while debtor education must take place after filing (but before debts are discharged).
text: Thus, if you file for bankruptcy and the creditor never files a lawsuit to have the debt determined as non-dischargeable, as to those categories, the debt will be discharged.
text: debit your bank account for a debt that will be discharged
text: collect money from your paycheck for a debt that will be discharged, or
text: Creditors can't contact you for repayment of the debt once you file for bankruptcy and up until the debt is discharged.
text: Once the trustee has exhausted the funds obtained from liquidating the debtor's non-exempt property, most remaining unsecured debts are discharged.
text: When you've completed the agreed repayment plan, your debt is discharged, even if you only repaid part of the amount you originally owed.
text: The process of filing Chapter 7 bankruptcy generally takes 80 to 100 days from filing to when your debts are discharged.
text: Once you meet your obligations under the payment plan, your remaining debts are discharged.
text: If you file a Chapter 7 bankruptcy, your debts can be discharged in as soon as 4 to 6 months.
text: After your creditors are paid and your eligible debts are discharged, you’re no longer responsible for repaying your debts (as long as they’re included in the discharge).
text: A chapter 7 bankruptcy takes a few months for your debt to be completely discharged.