"To receive a discharge" means to officially be released or relieved from a duty, obligation, debt, or responsibility.
Full definition
You will not
receive a discharge of any of your loans and the forbearance or stopped collections period will end for all of your loans.
You will
not receive a discharge of any of your federal student loans and the forbearance or stopped collections period will end for all of your loans.
This may seem like a drag, but consider this: you can't
receive a discharge for debts you don't list when you file bankruptcy.
Once you file for bankruptcy and
receive your discharge order from the court, creditors are prohibited from attempting to collect on debts that were included in your bankruptcy, period.
If you file a chapter 13 bankruptcy you typically will
receive a discharge if you complete your repayment plan.
The legal process for filing for bankruptcy protection and
receiving a discharge of your debts can take a few months or more.
If the cancellation is granted, you will
receive a discharge in the amount of the unpaid refund, including any accrued interest and any collection or other charges.
While the majority may
not receive a discharge, a large number that don't even try would receive a substantial benefit or relief to allow them to move forward with their financial lives.
If my school closes and I then enroll (either through a teach - out plan or by transferring academic credits or hours earned from the closed school) in a comparable program at another school for the purpose of completing the program for which a loan was made at the closed school, can I
still receive a discharge?
You are in the U.S. military or
received a discharge type of Honorable from the U.S. military (includes the Guard or Reserves).
Do I have to attend a Financial Management Course or
receive a Discharge under Chapter 7 Bankruptcy or Chapter 13 Bankrutpcy?
Requiring borrowers to justify their eligibility for the exclusion of the discharged amounts after such borrowers have
already received a discharge determination from the Federal government is inequitable and inefficient for both taxpayers and the IRS.»
During the 2003 heat wave in Europe, reactors at inland sites in France were shut down or had their power output reduced because the
water receiving the discharge was already warmer than environmental regulations allowed.
The time it takes to
receive a discharge depends on your particular situation — for example, surplus income or having other bankruptcies are factors that affect the nature of your Bankruptcy.
The bankruptcy court will also deny a Chapter 7 discharge if the debtor has
previously received a discharge in a Chapter 12 or Chapter 13 case filed within the last six years unless the debtor meets fairly strict requirements regarding the amount of debt she paid back in her Chapter 13 case.
Although a chapter 13 debtor
generally receives a discharge only after completing all payments required by the court - approved (i.e., «confirmed») repayment plan, there are some limited circumstances under which the debtor may request the court to grant a «hardship discharge» even though the debtor has failed to complete plan payments.
The benefit of interpleader is that, when properly done, the party holding the
funds receives a discharge of liability after depositing the disputed funds with the court.
BAPCPA introduced several new features, including the means test for hopeful Chapter 7 petitioners, a mandatory credit counseling briefing prior to filing bankruptcy and a debtor education course
before receiving a discharge for all bankruptcy filers.
If my school closes and I then enroll (either through a teach - out plan or by transferring academic credits or hours earned from the closed school) in a comparable program at another school for the purpose of completing the program for which a loan was made at the closed school, can I
still receive a discharge?
Taking the means test for the State of Wisconsin is the quickest way to see if you financially qualify to
receive a discharge under this bankruptcy category.
Collection Efforts Prohibited by Bankruptcy Discharge Once you file for bankruptcy and
receive your discharge order from the court, creditors are prohibited from attempting to collect on debts that were included in your bankruptcy, period.
Department of Education will post and update information about how to
receive a discharge at Department of Education's ITT announcements page.
Once you have already filed for Chapter 7 bankruptcy, the bankruptcy court will deny a discharge in a subsequent Chapter 7 case if you
already received a discharge in your previous Chapter 7 or Chapter 11 case if it was filed within the last eight years.