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What does discharge of a debt mean when it is not associated with bankruptcy does it mean the debtor is fullt released from the obligation to repay the debt?
Wiki User
∙ 14y ago
Yes, if a debt is discharged the debtor no longer has to pay.
Wiki User
∙ 14y ago
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Can tax liens be dismissed under Chapter 7 or Chapter 13?
Even if you discharge a tax debt in a bankruptcy (which can be done in limited circumstances), the lien associated with that debt is not released by bankruptcy proceedings. The result is that you may come out of bankruptcy with no tax liability, but there may still be a lien on your property. That lien attaches to any equity in your assets that existed prior to the bankruptcy and was exempted in the bankruptcy. For example, if you owned your house and filed bankruptcy with $20,000 of equity in your home, you may have been able to exempt that equity in the bankruptcy through a homestead exemption (so that you could keep your home). If that happened, after your bankruptcy was discharged the IRS would still have a lien against you that attaches to that $20,000 of equity (but not to any equity that accrues after the bankruptcy filing).
What are the release dates for His Obligation - 1915?
His Obligation - 1915 was released on: USA: 14 June 1915
What is the difference between a discharge and release?
A discharge refers to the release of a substance, such as a liquid or gas, usually from a specific source or location. A release, on the other hand, is more general and refers to the act of letting something go or setting it free. In legal contexts, a discharge can also refer to the termination of an obligation or contract, while a release is a formal document absolving someone from liability.
What are the release dates for Contractual Obligation - 2009?
Contractual Obligation - 2009 was released on: USA: 6 February 2009 (DVD premiere)
How many years on credit history for bankruptcy?
10 years. If you are interested in buying a home you have to wait at least 24 months from the date it was released/discharged in order to qualify for a home loan. So, though it takes 10 years for a bankruptcy to be removed from your credit profile you can qualify for a home loan in as little as 2 years from the Date of Release or Date of Discharge.
What is another word that is similar to releasing?
Freeing. Unencumbering, as to be released of an obligation.
What are the release dates for Ante Usted - 2008 Bankruptcy?
Ante Usted - 2008 Bankruptcy was released on: USA: 18 January 2012
What are the release dates for The Bankruptcy of Boggs and Schultz - 1916?
The Bankruptcy of Boggs and Schultz - 1916 was released on: USA: 3 May 1916
What are the release dates for Urban Bankruptcy - 2005?
Urban Bankruptcy - 2005 was released on: USA: 12 June 2005 (Waterfront Film Festival)
Can you restart a frozen pension after bankruptcy is discharged or does it become obsolete?
I don't really understand your term "frozen pension." Was it not exempt from the bankruptcy proceedings? Or was it held until a ruling was made and then released when the bankruptcy was discharged?
What does discharge from air force mean?
It means "released from duty".
What are the release dates for Honourable Discharge - 2012?
Honourable Discharge - 2012 was released on: USA: April 2012 Australia: September 2012
