How Come My Attorney Cannot Always Tell me Which of My Debts Will be Discharged under Chapter 7?
Most of the time your attorney will know which debts will be legally written off in your bankruptcy. But not always, for two reasons.
Most of the time your attorney will know which debts will be legally written off in your bankruptcy. But not always, for two reasons.
Here’s the good news/bad news about the discharge of debts in a Chapter 13 payment plan compared to the discharge you get in a straight Chapter 7 case.
The point of filing bankruptcy is to get relief from your debts. So, when and how DO those debts get “discharged”–legally written off–in a regular Chapter 7 bankruptcy?
It’s often the combination of tools that come with Chapter 13 that allows you to keep your home. Because Chapter 7 has only some of these tools, sometimes it can’t do nearly as much for your home as Chapter 13 can.