What debts can't be discharged under the new bankruptcy law?

Answer While bankruptcy may sound easy, its laws are a tangle of rules and exceptions. Some debts are forgiven under one type of bankruptcy, but may not be discharged under another. It helps to know whic... Read More »

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Are debts discharged in Chapter 13 bankruptcy?

According to the U.S. Court System, most debts qualify for a discharge (complete removal of the obligation to repay) under Chapter 13 bankruptcy. However, certain debts, such as home mortgages, tax... Read More »

Bankruptcy List of Discharged Debts?

If you believe filing bankruptcy will wipe out all your debts, you are wrong. According to consumer information resource Nolo, debt during your bankruptcy proceeding is divided into two types: disc... Read More »

What is discharged under Chapter 11 bankruptcy?

Debts discharged during a bankruptcy proceeding no longer have to be paid. Chapter 11 bankruptcy was designed for businesses, but people with very large debts also might need to file under Chapter ... Read More »

Is a lien discharged under bankruptcy?

Most liens are discharged under bankruptcy, but some liens cannot be avoided by filing bankruptcy. Liens that must be paid despite bankruptcy judgments include debts not claimed on the filer's sche... Read More »