Most debts get written off—discharged—in bankruptcy. The only ones that aren’t are specifically listed in the Bankruptcy Code. Debts Covered by the Discharge The basic rule is that all your debts get discharged in bankruptcy unless a particular debt fits a listed ... Read More »
Making Sense of Bankruptcy: Debts That Are Not Discharged (Written off) in a Chapter 7 Bankruptcy
Debts That Are Not Discharged (Written off) in a Chapter 7 Bankruptcy Start by assuming that debts are written off in bankruptcy, while knowing that there are some important exceptions that may apply to you. This is today’s sentence that we’re explaining: Most debts ... Read More »
Making Sense of Bankruptcy: Discharging Disputed Debts, Challenges for “Willful and Malicious Injury”
Your financial difficulties may include an unresolved claim against you for personal injury or property damage. Here’s the sentence that we’re explaining, phrase by phrase, in this blog post today: Bankruptcy can discharge (write off) disputed claims if the claimant is given ... Read More »
Making Sense of Bankruptcy: Fraud-Based Debts Which Can Be Challenged by Creditors
Although most debts are legally written off when you file bankruptcy, creditors can object by alleging you incurred the debt fraudulently. Here’s the sentence that we’re explaining in this blog post today: Bankruptcy law presumes debts are dischargeable (eligible for being written ... Read More »
