Sentences with phrase «of dischargeable debts»

For one flat fee our bankruptcy attorneys in Las Vegas will help you keep all of your exempt property and wipe out all of your dischargeable debts.

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

For Chapter 7, the non-exempt assets are sold and the proceeds distributed to creditors — after that you are free of dischargeable debt.

Not exact matches

The bankruptcy fully discharges the shortfall as a (now) unsecured debt, just like all other debts dischargeable in bankruptcy: credit cards, unsecured lines of credit, income tax arrears, older student loans, etc..

If you file a Chapter 7 or Chapter 13 bankruptcy, you must list all your creditors, whether or not you intend to repay any of them and whether or not the debt is dischargeable.

Assuming you are an honest but unfortunate debtor, most of your debts will likely be dischargeable.

If you're going to end up robbing Peter to pay Paul, I don't see the point of trading an unsecured, dischargeable debt for another debt and a non-dischargeable IRS obligation.

During the past decades of irresponsible lending, creditors threw credit around like candy in markets where the credit was dischargeable in bankruptcy (such as credit cards) and those where it was harder to write off debts in bankruptcy.

The specific types of debt and timing of such debt that is dischargeable in a Chapter 7 or Chapter 13 bankruptcy varies from state to state, so you should seek professional help in determined if your debt can be discharged as a part of a bankruptcy.

The above list is general information about the types of debt that are not dischargeable in a bankruptcy and should not be considered a comprehensive list.

But did you know that student loan debt is one of the only forms of consumer debt that isn't dischargeable in bankruptcy?

WHEI&FORE, Debtors prays this Court enters an Order declaring the student loan debt of the Debtor be be dischargeable in the bankruptcy case and Defendant ordered to pay $ 2650.00 for wages garnished.

Credit Card Debt May be Dischargeable in a Chapter 7 Bankruptcy, but a Court Order for Payment of Credit Card Debt to a Former Spouse is Not

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

The other major impact of this ruling is that license plate renewals can not be withheld over an unpaid 407ETR debt if you are a discharged debtor because all 407ETR debts are dischargeable under a bankruptcy proceeding or consumer proposal.

If you borrow money with the specific intent of discharging the debt in bankruptcy instead of paying it back, the debt may not be dischargeable.

This really is not a good plan either I guess because all this time I am making minimal payments that are not even putting a dent in my debt and although I will soon be relieved of the dischargeable credit card debt, the interest on my loans has just been accumulating and I am sure I will not be able to afford the incredibly high payments once they stay has ended.

Talk to a bankruptcy attorney in your area to determine which of your debts are dischargeable under a Chapter 13 Bankruptcy.

Dischargeable, unsecured debts which remain after the liquidation of the assets are generally discharged.

While all of the debts listed below are nondischargeable in a Chapter 7, the debts listed in bold type may be dischargeable in a Chapter 13 (see § 1328 (a)-RRB-.

However, there are certain types of debts that are not dischargeable in a bankruptcy.

(1) is or has been a debtor under this title or a debtor or bankrupt under the Bankruptcy Act; (2) has been insolvent before the commencement of a case under this title or during the case but before the grant or denial of a discharge; or (3) has not paid a debt that is dischargeable in a case under this title or that was discharged under the Bankruptcy Act.

The list of non-dischargeable debts is not exactly coherent, so it is hard to back out consistent logic as to why something is or is not dischargeable.

And if the debtor does, indeed, bring the action to determine dischargeability, the debtor also has the burden of proving that the debt is subject to discharge - the creditor does not have to prove the debt is not dischargeable.

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.

Some other types of debts are dischargeable in some circumstances, but not others.

If you are the subject of any debt collection activity over student loan debt you should listen very carefully for the debt collector to say your student loans are not dischargeable in bankruptcy.

Almost all types of unsecured debt are dischargeable in bankruptcy: common examples include major credit card balances, medical bills, and retail store accounts.

In 1997, a federal panel appointed by President Clinton recommended that Congress reverse all the changes, and once again make student loans dischargeable in bankruptcy court like other forms of consumer debt.

There is nothing worse than taking on a load of debt that is not dischargeable in bankruptcy, and having no good way to pay it off.

If you filed a Chapter 13, your payment plan is confirmed after the meeting of the creditors and you make your payments for the duration of your payment plan, after which, the remaining balances on your dischargeable debt is discharged.

Regardless of whether the debts are public or private, student loan debt is not dischargeable in bankruptcy absent a showing of undue hardship.

Filing bankruptcy should always be a last - resort option for a young person, even if your debts are fully dischargeable by bankruptcy as it will damage a young person's credit for a period of time.

Student debt is not dischargeable in bankruptcy like other types of debt; thus, delinquent or defaulted student loans can stagnate on borrowers» credit reports, creating an ever - increasing pool of delinquent debt.

While the CRA does have significant collection powers compared to other creditors when it comes to a consumer proposal or personal bankruptcy, taxes are generally dischargeable debts (i.e. they go away upon completion of the procedure) just like your credit card debts, bank loans, or other unsecured debts.

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).

«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.»

The attorneys at Susan M. Williams LLC have over 20 years of experience with bankruptcy and dischargeable debt.