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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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 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 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 child support be discharged by bankruptcy?
No.
Does the bankruptcy court notify you when the bankruptcy is final and legally discharged?
No. The lawyer does.
Does bankruptcy override child support?
NO - child support is not discharged in bankruptcy.
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.
Can a judgment be put on your credit if the debt was part of the bankruptcy?
Not if the debt was discharged in the bankruptcy. If the judgment was on the credit report before the bankruptcy was filed and/or was discharged in the bankruptcy, the entry will still remain on the CR for seven years.
What does discharged mean on bankruptcy?
Debt discharged -- you no longer owe that money to that person.
Is a car loan discharged under chapter 7 bankruptcy?
Whether your car loan is discharged by a bankruptcy or not will depend on your state and the equity in your car. Whether the loan will be discharged or not is called an "exemption".
Can a repo company come repo a mower 1 year after your bankruptcy?
Yes if there was a lien on it. If your bankruptcy was discharged, it simply discharged the debt, not the collateral.
What happen if you file bankruptcy and have not been discharged and buy a car and have it finance?
If you file bankruptcy and you have not been discharged the car that you buy can be used to finance it.
Can you apply for a student loan after a filing for bankruptcy?
Only if the bankruptcy is currently discharged.
How do you find out if your bankruptcy has been discharged?
Call the attorney or company that handled your bankruptcy.
What happens to a judgment lien in a bankruptcy?
If the bankruptcy is discharged you are no longer responsible for the debt.
Can you file bankruptcy on the entrence of child support?
Child support is not discharged in bankruptcy.
How do apartments look at bankruptcy discharged but apartments in the bankruptcy?
always update information
Will a car title loan be discharged by filing bankruptcy?
No, only unsecured debt is discharged.
Can a spouse be reimbursed for debts that were discharged in bankruptcy as part of the dissolution of marriage terms?
Not if the debts were actually discharged in the bankruptcy. In regards to the cost of the bankruptcy if the couple were still legally married then that too is not recoverable.
How should an obligation that is discharged in a Chapter 7 Bankruptcy be reflected in a subsequent credit report?
The debt should be identified as being in bankruptcy or discharged in bankruptcy. It will remain on the list for 7 years. The bankruptcy will remain on the report for 10 years.
Can you file bankruptcy on child support?
No, child support arrears cannot be discharged in bankruptcy.
