Bankruptcy can help you get a fresh start, but some types of debt are not alleviated when you file for bankruptcy. Several others are very difficult to get discharged.
Debts that can't be discharged in bankruptcy include alimony and child support, many types of taxes and most tax liens, fines or penalties from government agencies for breaking the law.
Bankruptcy does not come without cost, however. In the short term, it is recommended that you... They differ primarily in what happens to your assets and how your debts are discharged....
- only a person(individual, partnership, corporation) who resides or has a place of business in the United States is eligible to be a debtor under the Bankruptcy code- not all debts of the debtor a...
be discharged in bankruptcy. For instance, just last week, the U.S. Supreme Court ruled in a... They also might have suggestions for handling your debt that does not involve bankruptcy....
Under Chapter 9, municipalities do not have to liquidate assets to repay their debts but are... 9 Being Discharged From Bankruptcy When a debtor receives a discharge order, they are no...
not discharged. And any debt not listed in the bankruptcy petition cannot be discharged. In addition, valid liens on specific property to secure payment of debts that have not been...
Debts not listed on the bankruptcy schedules or debts intentionally concealed in the proceedings cannot be discharged in bankruptcy. Debts dischargeable in Chapter 13 but not in Chapter 7...
Learn what a bankruptcy discharge is, which debts can and cannot be discharged, what to expect after a discharge and how it can affect your credit score.
Discovering what debts the court can and cannot wipe out when you file for bankruptcy may surprise you. Read on to find out how this would affect you.