The form provides that the debtor is granted discharge under 11 U.S.C. section 1228(b). The form also requires a signature by the bankruptcy judge.
Virgin Islands Order Discharging Debtor Before Completion of Chapter 12 Plan - updated 2005 Act form
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How to fill out Order Discharging Debtor Before Completion Of Chapter 12 Plan - Updated 2005 Act Form?
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A bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer legally required to pay any debts that are discharged.
Generally, a discharge removes the debtors' personal liability for debts owed before the debtors' bankruptcy case was filed. Also, if this case began under a different chapter of the Bankruptcy Code and was later converted to chapter 7, debts owed before the conversion are discharged.
You cannot remove a discharged debt from your credit report unless the information listed is incorrect. Even though you repaid the debt, partially or in full, or the lender stopped its collection attempts, the entry will remain on your report for seven years.
The bankruptcy trustee has as long as he needs to evaluate and recover assets for the benefit of creditors. What he is tasked to do has little to do with the discharge, and lots to do with gathering funds from which he and creditors can be paid.
Debt discharge is the cancellation of a debt due to bankruptcy. When a debt is discharged, the debtor is no longer liable for the debt and the lender is no longer allowed to make attempts to collect the debt.
Generally, a discharge removes the debtors' personal liability for debts owed before the debtors' bankruptcy case was filed. Also, if this case began under a different chapter of the Bankruptcy Code and was later converted to chapter 7, debts owed before the conversion are discharged.
Eligibility & Limitations of a Trustee Discharge This means that creditors can no longer take legal action against the individual to recover the debts included in the consumer proposal or bankruptcy. It is important to note that not all debts are dischargeable through a consumer proposal or bankruptcy.
The discharge releases the debtor from all debts provided for by the plan or disallowed (under section 502), with limited exceptions. Creditors provided for in full or in part under the chapter 13 plan may no longer initiate or continue any legal or other action against the debtor to collect the discharged obligations.