The decree of the bankruptcy court which terminates the bankruptcy proceedings is generally a discharge that releases the debtor from most debts. A bankruptcy court may refuse to grant a discharge under certain conditions.
The decree of the bankruptcy court which terminates the bankruptcy proceedings is generally a discharge that releases the debtor from most debts. A bankruptcy court may refuse to grant a discharge under certain conditions.
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The debt will be shared if the person filing lives in a community property state. However, if one spouse files separately, their debt will be discharged, but the other spouse will remain responsible for community property debt.
If your total monthly income over the course of the next 60 months is less than $7,475 then you pass the means test and you may file a Chapter 7 bankruptcy. If it is over $12,475 then you fail the means test and don't have the option of filing Chapter 7.
An Objection to Discharge is a motion by a creditor to a bankruptcy court asking the court not to discharge a person's specific debt owed to that creditor. If the court grants the motion, the debt is not discharged in bankruptcy and remains due.
Married couples can choose whether to file for bankruptcy jointly (together) or individually. You'll determine which will be best for you after taking into account: the value and type of property you own together and separately. the exemption laws of your state that determine which assets you can keep.
Yes, but your spouse will still be liable for any joint debts. If you file together you will be able to double your exemptions. (see Idaho bankruptcy exemptions) In some cases where only one spouse has debts, or one spouse has debts that are not dischargeable then it might be advisable to have only one spouse file.
Closed Without a Discharge Cases are closed without discharge when the debtor does not complete the required debtor education required as a condition of discharge. The court may also close your case without discharge if you failed the last step for getting rid of debt. Your filing may not have been filed timely.
In a community property state, such as Idaho, debts incurred by either spouse during the marriage are generally considered community debts. If only one spouse files for bankruptcy in Idaho, the eligible community debts of both spouses may be discharged. Idaho follows ?community property? rules.
The procedure when a discharge is opposed When a discharge is opposed the court reviews the details of the opposition. The registrar will then set a time for a hearing. The challenger and the debtor and if desired their lawyers will attend the hearing. The registrar will provide a written decision.