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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.
When a chapter 7 case with assets is closed, the trustee files a final report that accounts for the disposition of assets, as well as the distribution of funds to creditors and to administrative expenses. The data from these final reports are compiled by the USTP for oversight and statistical reporting purposes. Chapter 7 Trustee Final Reports - Department of Justice justice.gov ? ust ? bankruptcy-data-statistics justice.gov ? ust ? bankruptcy-data-statistics
The biggest difference between Chapter 7 and Chapter 13 is that Chapter 7 focuses on discharging (getting rid of) unsecured debt such as credit cards, personal loans and medical bills while Chapter 13 allows you to catch up on secured debts like your home or your car while also discharging unsecured debt.
Finally, you'll want to take the second credit counseling class or the credit management class that's required to be taken after the bankruptcy has been filed. After the 341 meeting takes place, it's generally around two to three months before the discharge order is entered, which is the order that wipes out the debts.
A: Notice of Trustee's Final Report indicates that the Appointed Chapter 7 Trustee is filing a required report stating how the money/assets that the Trustee recovered were distributed.