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Dischargeable Debts

Dischargeable Debts

Some debts are not dischargeable (See Discharge of Debt) while others may only be discharged by filing certain types of bankruptcies. For instance, Chapter 13 Bankruptcy allows a broader discharge of debts including the willful or malicious injury to property, certain non-dischargeable tax payments and debts which resulted from divorce and separations.

Chapter 13 Bankruptcy generally allows for the discharge of these debts only after the Debtor has completed their bankruptcy debt repayment plan. If a debtor's debt is discharged Creditors must refrain from continuing any collection actions. Debts are discharged at various times depending on the chapter filed.

Chapter 7 Bankruptcy allows for the immediate Liquidation of the filer's assets and grants a discharge approximately 4-6 months after the petition is filed. Chapter 13 Bankruptcy discharge of debts occurs after the debtor makes all of their debt payments under their bankruptcy repayment schedule (3 to 5 years). Prior to the discharge of debt the debtor must complete a financial management course. The Notice of Discharge is sent to all the creditors, the United States Trustee, the trustee, the debtor and the debtor's attorney. Creditors are not allowed to continue collection efforts after the discharge of debt, and if they do, they will be punished.

More Help on Dischargeable Debts

  • Creditor - Creditors can include businesses, individuals, organizations or the United State\'s government who is owed money for services or products provided to a second party in return for payment. - read more

  • Discharge of Debt - Bankruptcy provides a federal process for receiving protection against one\'s creditors and at its completion may allow the debtor to be released from certain types of \"dischargeable\" debt. - read more

  • Liquidation - Chapter 7 Bankruptcy is known as a \"liquidation\" bankruptcy and creditors will be paid from the liquidation of the debtor\'s assets. - read more

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Chapter 7 and Chapter 13 Bankruptcy Help

The two most common consumer bankruptcies are Chapter 7 and Chapter 13, our sponsoring lawyers handle these types exclusively so you can be sure you are getting accurate legal advice when you file bankruptcy. Our Bankruptcy attorneys will fight to protect your rights and your property, fight the aggressive and annoying creditors for you, and they can help you keep your home, vehicles and other property.

A lawyer will be committed to getting you debt relief and providing you with valuable information, services and advice to get you a better financial future. There are many convenient locations to make filing bankruptcy or learning about the alternatives we offer, even easier.

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