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What is a discharged bankruptcy?

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โˆ™ 2005-05-01 18:39:23

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In a chapter 7 it is a total liquidation BK, that has been found valid and has been approved. Therefore the debtor(s) are discharged from the debt(s) that were included in the BK. A discharged BK is not the same as a closed BK. If it is a chapter 13, it indicates that the debtor(s) have fulfilled their obligation of repaying the amount to creditors that was ordered in the BK. After the trustee's audit a chapter 13 is considered closed

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โˆ™ 2005-05-01 18:39:23
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Q: What is a discharged bankruptcy?
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Related questions

Can discharged items that were included in a bankruptcy be listed as discharged in bankruptcy on your credit report?

Yes, discharged debts are generally noted as "included in bankruptcy" on a CR.


How do you know if your bankruptcy is discharged on your credit report?

Bankruptcy does not get discharged. Debts are discharged. The bankruptcy will remain on your credit report for 10 years from the date of filing. The debts that were discharged can remain for 7 years from the date of discharge, showing a zero balance and that they were discharged in bankruptcy.


What does it mean to be discharged from a bankruptcy?

Your bankruptcy case has been completed and it is now finished! discharged!


If your bankruptcy has been discharged but your house is still in your name do you still have to pay back taxes?

A bankruptcy is not discharged. Debts are discharged. Real estate taxes are a lien on the real estate and would not usually be discharged. Talk to your bankruptcy layer.


Can you include your home in a bankruptcy after the bankruptcy has already been discharged?

No.


Can fraud be discharged in bankruptcy?

No. This is clearly stated in the bankruptcy rules.


Can you buy a car and have it finance before bankruptcy discharged?

Yes, you can buy a car and have it financed before bankruptcy is discharged.


Can child support be discharged by bankruptcy?

No.


Does bankruptcy override child support?

NO - child support is not discharged in bankruptcy.


Does the bankruptcy court notify you when the bankruptcy is final and legally discharged?

No. The lawyer does.


What does discharged mean on bankruptcy?

Debt discharged -- you no longer owe that money to that person.


Can a judge accept a complaint Adversary Action after a bankruptcy has been discharged?

A bankruptcy is not discharged. Debts are discharged. An adversarial action can be filed if the case has not been closed, or if closed, reopened.

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