Debt and Bankruptcy
Home Equity and Refinancing
Bankruptcy Law
What is a discharged bankruptcy?
Wiki User
2005-05-01 18:39:23
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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Can discharged items that were included in a bankruptcy be listed as discharged in bankruptcy on your credit report?
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How do you know if your bankruptcy is discharged on your credit report?
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What does it mean to be discharged from a bankruptcy?
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always update information
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How should an obligation that is discharged in a Chapter 7 Bankruptcy be reflected in a subsequent credit report?
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