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All debts and assets have to included in BK. After a Chapt.7 is discharged the debtor can make arrangements with secured creditors to reaffirm the debt(s). They also have the option of paying creditors if they can work out an acceptable agreement. BK does not mean the debt is no longer owed. It means creditors cannot make attempts to collect the debt, such as a lawsuit.

Wrong answer, Nikki. A discharge in bankruptcy means that the discharged debts no longer exist. Perhaps you are confusing the statute of limitations on collections?

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10y ago

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