Discharge Definition

DischargeWhat does discharge mean?The bankruptcy discharge is given when you finish the case. The Judge enters an order forgiving debt that is eligible to be discharged. When a debt is discharged, this means it is forgiven. This is like a "judicial pardon." The debt does not disappear. But it is no longer collectible. Once the [...]

2021-03-02T22:48:49+00:00February 1st, 2014|Glossary|

Bankruptcy Stops Creditor Harassment

SUMMARY: Generally, bankruptcy immediately stops most creditor harassment. Creditors are ordered to stop all garnishment, lawsuits, levy, foreclosure and contact. Outside of bankruptcy, you may be able to file a complaint or sue for illegal debt collection. Filing Bankruptcy to Stop Creditor Harassment The biggest advantage of bankruptcy is that the automatic stay is [...]

2021-03-03T23:28:38+00:00January 28th, 2014|Bankruptcy General Topic|

Credit Card Debt Bankruptcy

If you qualify for a Chapter 7 bankruptcy, you may be able to totally wipe out unsecured debt, such as credit cards, personal loans, and medical bills. No one wants to file bankruptcy, but sometimes filing bankruptcy is the best way to calm the troubled waters and establish financial stability. Even if you do [...]

2021-03-03T23:32:15+00:00January 28th, 2014|Blog|
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