What Is A Discharge?
The discharge order is issued by the court and permanently prohibits creditors from taking action to collect dischargeable debts against the debtor personally; this does not prevent secured …
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Can a bankruptcy court cancel a promissory note?
Yes. If your debts are successfully discharged in bankruptcy, then your outstanding promissory notes that deal with your current loan obligations are effectively cancelled by the bankruptcy …
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What Debts Are Dischargeable?
11 U.S.C. Section 523 lists exceptions to discharge. In general, all other debts are dischargeable. Some debts listed in Section 523, such as those based on fraudulent conduct, embezzlement or …
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Can a creditor object to bankruptcy discharge?
In a Chapter 7 bankruptcy case, you are not automatically entitled to a complete discharge of your debts. Rather, your creditors can object to the discharge of particular debts, usually on …
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