by Chris Williams | Jul 19, 2022 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
As a general rule, your student loans will probably not be dischargeable. The bankruptcy provides that all debts are dischargeable unless they fall under an exception. Those exceptions to discharge fall under 11 USC § 523. The standard that section 523 provides, along...
by Chris Williams | Apr 12, 2022 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
Bankruptcy is designed to provide a debtor with a fresh financial start. To facilitate that, the bankruptcy code provides that people are allowed to exempt, or protect, property they own at the time they file bankruptcy. They delegated these exemptions to the states,...
by Chris Williams | Dec 1, 2021 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
To be eligible for a discharge, a Debtor must not have filed bankruptcy within a specific period of time prior to their newest bankruptcy. Filing a bankruptcy case too soon, within that period, will prevent the Debtor from receiving a discharge. A Debtor must wait...
by Chris Williams | Aug 4, 2021 | Chapter 13 Bankruptcy
A Chapter 13 bankruptcy has similar goals to a Chapter 7. The ultimate goal of both is to discharge debt and provide the honest, but unfortunate Debtor with a fresh financial start. But the Chapter 13 bankruptcy is a three-to-five-year payment plan, whereas most...
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