Category Archives: Discharge of Debt

How to Build Credit Post-Filing

As many people know, filing for bankruptcy will effect your credit score.  The question many people want to know is how much will their credit be effected, and how do they rebuild it after filing for bankruptcy.  It is nearly … Continue reading

Posted in Bankruptcy filing, Bankruptcy General, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Discharge of Debt, Reaffirmation Agreements | Comments Off on How to Build Credit Post-Filing

Definition of Bankruptcy

Bankruptcy is a legal process through which people and businesses can obtain a fresh start financially.  It is an option for people and/or businesses when they are to the point in their financial difficulties that they cannot repay their debts.  … Continue reading

Posted in Bankruptcy filing, Bankruptcy General, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Discharge of Debt, Secured Property, Uncategorized | Comments Off on Definition of Bankruptcy

Why Should I file for Bankruptcy again if I am not Eligible for a Discharge?

Changes to the bankruptcy code have resulted in the implementation of time limits between bankruptcy filings and when a debtor is eligible to receive a discharge.  These time limits depend on the type of bankruptcy the debtor filed previously and … Continue reading

Posted in Automatic Stay, Bankruptcy filing, Bankruptcy General, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Discharge of Debt | Tagged , | Comments Off on Why Should I file for Bankruptcy again if I am not Eligible for a Discharge?

Bankruptcy and Divorce

Considering divorce and bankruptcy at the same time can be extremely stressful and confusing for all parties involved.  Often, individuals wonder what the best option is for them when considering bankruptcy and divorce.  Depending on the debt involved, the type … Continue reading

Posted in Bankruptcy filing, Bankruptcy General, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Discharge of Debt, Means Test | Comments Off on Bankruptcy and Divorce

Discharge of Debt

An individual can receive a discharge of debt they owe by filing for Chapter 7 or Chapter 13 bankruptcy.  A “Discharge of Debt” releases an individual’s personal liability for many types of unsecured debts, meaning they will no longer owe … Continue reading

Posted in Bankruptcy filing, Bankruptcy General, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Discharge of Debt, Judgement Liens, Medical Bills and Bankruptcy | Tagged | Comments Off on Discharge of Debt

Options for Secured Property in Bankruptcy

When filing for bankruptcy, there are several options to consider regarding secured property.  Secured property is any property that you have placed as collateral for a loan; typical examples of this type of property would be cars and houses, but … Continue reading

Posted in Bankruptcy filing, Bankruptcy General, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Discharge of Debt, Reaffirmation Agreements, Redeeming Property, Secured Property, Surrendering Property | Comments Off on Options for Secured Property in Bankruptcy

Why do I have to Complete Pre-Filing and Pre-Discharge Courses?

Before your bankruptcy petition can be filed with the United States Bankruptcy Court, you must complete something called a “Credit Counseling Certificate”.  A Credit Counseling Certificate is a course that a debtor can complete either online, over the phone, or … Continue reading

Posted in Bankruptcy filing, Bankruptcy General, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Discharge of Debt | Comments Off on Why do I have to Complete Pre-Filing and Pre-Discharge Courses?

Do you have to List Every Creditor you Have on Your Bankruptcy Petition?

When preparing to file for bankruptcy, people often wonder which creditors they are supposed to list on their petitions, and which ones they should leave out.  This confusion often comes from individuals assuming that if a debt cannot be discharged … Continue reading

Posted in Automatic Stay, Bankruptcy filing, Bankruptcy General, Chapter 7 Bankruptcy, Discharge of Debt | Tagged | Comments Off on Do you have to List Every Creditor you Have on Your Bankruptcy Petition?

What will be Discharged in a Chapter 7 Bankruptcy?

After you receive your notice of discharge from the Bankruptcy Court, there are certain types of debt that will be discharged; In other words, there are certain types of debt that you will no longer be responsible for paying back … Continue reading

Posted in Bankruptcy filing, Bankruptcy General, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Discharge of Debt, Medical Bills and Bankruptcy | Comments Off on What will be Discharged in a Chapter 7 Bankruptcy?

Unexempt Tax Refunds in a Chapter 7 Bankruptcy

One of the most frequently asked questions by people who are planning on filing a Chapter 7 bankruptcy near the end of the year or the very beginning of the year is “what will happen to my tax refund?” When … Continue reading

Posted in Bankruptcy filing, Bankruptcy General, Chapter 7 Bankruptcy, Discharge of Debt, Exemptions, Protected Assets, Taxes | Comments Off on Unexempt Tax Refunds in a Chapter 7 Bankruptcy