Generally,
discharged debt comes off your credit report after seven years.
Not exact matches
The advantage is the debtor
comes out without any future obligation once the
debt is
discharged.
In the months to
come, we will see if DOE really meant it when it authorized Mahaffie to say that DOE and its student - loan
debt collectors would not fight bankruptcy
discharge of student loans when it is not cost effective to do so.
Even a number of those that pursued a full
discharge of their
debt, that were not
discharged by the court, were able to
come to an agreement with their student loan lender to settle their loan balance instead.
There are many
debts that
come under the category considered to be
debts not
discharged in bankruptcy.
Getting a
discharge of your
debts, however, does not
come without a prices.
A Chapter 13 bankruptcy
comes with a 3 to 5 - year repayment plan for
debts, which are then
discharged at the completion of the plan.