The Bankruptcy Discharge
Related Ads
Need Professional Help? Talk to a Lawyer
Enter Your Zip Code to Connect with a Lawyer Serving Your Area
Enter Your Zip Code to Connect with a Lawyer Serving Your Area
For most people, the goal of bankruptcy is to wipe out debts. This is called the bankruptcy discharge. Not all debts are discharged, however. Before you file for bankrupcy, it's important to know:
- which debts will be wiped out in bankruptcy, and which will remain
- differences between Chapter 7 and Chapter 13 bankruptcy when it comes to the discharge, and
- when the trustee or creditor might challenge the dischargeability of a debt.
Overview Articles
While most debts can be eliminated in bankruptcy (called dischargeable debts), certain obligations (called nondischargeable debts) survive your bankruptcy discharge. Learn more.
The Chapter 7 Discharge
Chapter 7 will wipe out most debts, but some will survive your bankruptcy.
Learn which debts will remain at the end of your Chapter 7 bankruptcy.
Learn which debts you can get rid of with Chapter 7 bankruptcy.
Usually, government fines are not discharged in Chapter 7 bankruptcy. But there's one exception.
Unless you've committed fraud, you can discharge Social Security overpayments in bankruptcy.
The Chapter 13 Discharge
At the end of your Chapter 13 repayment plan, the remaining balance on some of your debts will be wiped out.
Find out which debts get discharged at the end of your Chapter 13 repayment period.
After you complete your Chapter 13 plan, some of the remaining debts won't be discharged.
Certain debts that cannot be discharged in Chapter 7 bankrutpcy can be discharged in Chapter 13.
If you can't complete your Chapter 13 Bankruptcy plan, you might be able to get a discharge anyway.
Objections to Discharge
The trustee or a creditor can object to the discharge of one debt, or all of your debts.
A creditor or the trustee can object to the discharge of one or all of your debts in bankruptcy.
With a nondischargeability complaint, creditors can challenge the dischargeability of debts that would otherwise be wiped out in bankruptcy.
Common Questions on the Bankruptcy Discharge
Find us on Facebook
Follow us on Twitter
Find us on Google+
Watch us on YouTube
Listen to us on iTunes