Kentucky Discharge of Debtor in a Chapter 7 Case refers to the document received by a debtor at the end of a successful Chapter 7 bankruptcy case in Kentucky. A Chapter 7 Discharge of Debtor in Kentucky is an order issued by the court that wipes out certain debts and prevents creditors from attempting to collect them. It is important to note that not all debts can be discharged and that some debts, such as taxes, student loans, and child support, cannot be discharged. The two types of Kentucky Discharge of Debtor in a Chapter 7 Case are the general discharge for the debtor and the nonchargeable debt discharge. The general discharge of debtor discharges all eligible debts, including credit card debts, medical bills, and personal loans. The nonchargeable debt discharge prevents creditors from attempting to collect certain debts, such as domestic support obligations, certain taxes, student loans, and certain judgments. Once the Discharge is granted, the debtor is no longer legally responsible for any debts that were included in the discharge, and creditors cannot take any collection action against the debtor. The Kentucky Discharge of Debtor in a Chapter 7 Case is an important document that serves as evidence of a successful bankruptcy.
Kentucky Discharge of Debtor in a Chapter 7 Case
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FAQ
A discharge releases a debtor from personal liability of certain debts known as dischargeable debts, and prevents the creditors owed those debts from taking any action against the debtor or the debtor's property to collect the debts.
Filers are usually hoping to get a bankruptcy discharge. That's the order that wipes out certain debts and gives you a fresh start. A dismissal is very different. It means your case has been stopped before the court granted a discharge.
The discharge is a permanent order prohibiting the creditors of the debtor from taking any form of collection action on discharged debts, including legal action and communications with the debtor, such as telephone calls, letters, and personal contacts.
An individual receives a discharge for most of his or her debts in a chapter 7 bankruptcy case. A creditor may no longer initiate or continue any legal or other action against the debtor to collect a discharged debt. But not all of an individual's debts are discharged in chapter 7.
The court may deny a chapter 7 discharge for any of the reasons described in section 727(a) of the Bankruptcy Code, including failure to provide requested tax documents; failure to complete a course on personal financial management; transfer or concealment of property with intent to hinder, delay, or defraud creditors;
Under Chapters 7, 11, 12, and 13 of the U.S. Bankruptcy Code, some or all of your existing debt can be discharged. A ?discharge" means you are not personally liable for the money and do not need to pay it back.
Filers are usually hoping to get a bankruptcy discharge. That's the order that wipes out certain debts and gives you a fresh start. A dismissal is very different. It means your case has been stopped before the court granted a discharge.
A Chapter 7 bankruptcy may stay on credit reports for 10 years from the filing date, while a Chapter 13 bankruptcy generally remains for seven years from the filing date. It's possible to rebuild credit after bankruptcy, but it will take time.