Sentences with word «dischargeable»

Why then, are student loan debts not dischargeable in bankruptcy?

I'm not going to lie, student loans are frustrating, they carry a fairly high interest rate when compared to other debt, like purchasing a home, and they are generally not dischargeable in bankruptcy.

Remember, student loans aren't dischargeable debt.

However, certain debts are not dischargeable under Chapter 7; most student loans, recent taxes, alimony, child and court ordered support payments and drunk driving judgment.

I posted an explanation of dischargeable debts HERE, and today I'm focusing on Exceptions to Discharge.

It becomes a debt fully dischargeable in bankruptcy or via a completed proposal.

A bill currently pending in Congress, S. 114, the Fairness for Struggling Students Act of 2013, would make private student loans dischargeable in bankruptcy.

Note that student loans are now generally not dischargeable through bankruptcy.

All taxes owing are unsecured debts fully dischargeable by bankruptcy (and proposals).

Congress has determined that these types of debts are not dischargeable for public policy reasons (based either on the nature of the debt or the fact that the debts were incurred due to improper behavior of the debtor, such as the debtor's drunken driving).

Certain other dissolution related obligations, such as payments to others, hold harmless provisions and property settlement obligations, are not dischargeable if the debtor has the ability to pay them and the detriment to the spouse outweighs the benefit of the discharge to the debtor.

Student loans are almost never dischargeable in bankruptcy, unlike credit card debt, mortgages, car loans, and most other forms of consumer debt.

Before 1976 student loans were as dischargeable as credit cards.

Student loan lenders have particular protections against default as student loans are regularly non dischargeable unless the borrower can prove undue hardship.

Unlike other types of loans, if you are unable to make payments, student loans are generally not dischargeable with bankruptcy.1 Defaulting on a student loan can result in anything from being sued for the amount of the loan, to the...

Are the previous loans from the closed school dischargeable?

You might need the bankruptcy to protect yourself from the deficiency, clean up your credit, and get rid of other dischargeable debts.

If you have debts which are not dischargeable filing bankruptcy is not the right solution for you.

«The court will retain jurisdiction to enforce payment of debt obligations, in the event a party files bankruptcy, including, but not limited to, the ability to determine the debt assigned is in the nature of Maintenance, necessity or support and is therefore non dischargeable in bankruptcy, and / or making a future spousal support order, regardless of the spousal support order set forth below under FOURTH: SPOUSAL SUPPORT.»

NACBA supports making private students loans dischargeable again (as they were before the 2005 law).

The private loans in this special subset of easily dischargeable private student loans are for schools or education that was obtained at an ineligible education institution.

Some debts are most likely dischargeable in bankruptcy — like credit cards.

assuming no extensions have been filed, your 2012 taxes become dischargeable in April of 2016.

Do I have debts, in addition to my mortgage, that are not dischargeable after death (such as private student loans)?

In these cases, the Court may also deny your Chapter 7 petition in whole, meaning that you can not be discharged from regularly dischargeable debts.

Moreover, not all debts are dischargeable so you will end up with some outstanding obligations you will need to meet on a monthly basis, thus limiting your income.

It's important to know whether or not your debts are dischargeable before filing for bankruptcy.

Student loans are not usually dischargeable for bankruptcy or other financial hardship.

Tax debt is only dischargeable in bankruptcy if it is at least three years old and the following conditions are met:

In effect, you are taking fully exempt (protected) funds and applying it towards dischargeable debt.

Mrs. Gleason requests that each and every one of the Loans should be deemed dischargeable by this Court pursuant to 11 USC § 523 (a)(8).

Chapter 7 is not a payment plan, all the unsecured debt that is legally dischargeable is erased with no payment whatsoever and the consumer gets a fresh start.

That is: PSLs should be automatically dischargeable in bankruptcy unless the bankruptcy judge finds that the bankruptcy petition has been filed in bad faith.

Large credit card purchase or cash advances incurred within 70 to 90 days of filing might not be considered dischargeable by the court.

Many of my clients are surprised to learn that some taxes are actually dischargeable.

Neither federal nor private loans are currently dischargeable in bankruptcy.

Chapter 7 bankruptcy completely eliminates dischargeable debt forever.

So if you have legitimately dischargeable debts, like medical expenses or a pile of overdue bills in collections, be sure to list them or you'll miss the bankruptcy boat.

CINgroup estimates that of the 750,000 consumer bankruptcies filed each year, there could be up to 50,000 cases of potentially dischargeable student debt.

Because tax debts are not always dischargeable in Chapter 7 bankruptcy, a debtor may wish to explore options through Chapter 13 bankruptcy.

Fortunately, medical bills are often dischargeable through the bankruptcy process, so that individuals and their families can get a fresh start once those bills are reduced or eliminated.

It's the equivalent of paying off a home mortgage and is not even dischargeable in bankruptcy (at least that is what I am told by those who practice in the area).

Debts resulting from intentional torts and debts incurred by fraud are presumably dischargeable.

Most of these loans are not dischargeable upon death, leaving parents, co-signers, or spouses to pay off student loan debt.