Bankruptcy discharge

The Bankruptcy Discharge is the goal for filing. It relieves you of personal liability on most of your debts.

Bankruptcy discharge

The Bankruptcy discharge is the goal for filing a Chapter 7 or Chapter 13 Bankruptcy. The discharge releases you from personal liability on your debts. The creditor will be violating the discharge and subject to punishment if they attempt to collect a debt after the debtor receives a discharge.

The discharge is one of the final orders in a Chapter 7 or Chapter 13 case. If you need an affordable bankruptcy lawyer in your area let us know. We offer bankruptcy help in discussing and filing the paperwork for you to get your discharge.

If you have debts in ElizabethtonJohnson City, Kingsport, and surrounding areas, call the office and set up a free consultation with an attorney to discuss whether you need a discharge or you debts.

Scissors cutting a credit card after a bankruptcy discharge of debts

What is a the Bankruptcy Discharge?

The Bankruptcy discharge relieves you from personal liability on your debt. If you file a Bankruptcy and meet all the substantive and procedural requirements, the court will grant you a discharge. Your creditors will not be able to contact you or collect any debt occurred prior to the filing of your Bankruptcy. An affordable bankruptcy attorney can help you achieve your discharge by helping you prepare and file your bankruptcy forms.

There are exceptions to the discharge for certain debts. The main exceptions are: recent taxes, child support and alimony, and student loans. If an exception applies to your debt, the debt will not be discharged although all other debts can still be discharged. In some circumstances even taxes and student loans are dischargeable and it is import to speak with an attorney to determine whether the exception applies. 

Yes. Unless there is a limited exception to the discharge, all medical bills will be discharged. This is true no matter how large the medical bill or for what purpose. Medical Bills are a cause of over 50 percent of Bankruptcy filings. 

Do not let medical issues result in financial stress. You can file Bankruptcy to discharge your medical debts.

In some cases back taxes can be discharged through Bankruptcy. Otherwise, a Chapter 13 Bankruptcy allows you to set up a payment plan to pay off back taxes.

If you have timely filed your taxes, and taxes owed more than three years ago can be discharge in a Chapter 7 Bankruptcy. You are no obligated to pay these taxes. However, more recent taxes are not discharged and it may be beneficial to file a Chapter 13 Bankruptcy and set yourself up on a repayment plan.

Generally student loans are not dischargeable in Bankruptcy. However, in rare circumstances you may be able to discharge student loans where repaying them would result in an undue hardship. This area of the law is tricky and it would be beneficial to speak with an attorney to see if your student loans are dischargeable.

If you are being garnished by your student loan servicer, or your tax refund has been levied, you may be able to reduce your student loans by filing Bankruptcy. If you have student loans that are in default, there are option to set yourself up on a repayment plan to reduce your student loan burden and keep you from being garnished.

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