Wyoming Discharge of Debtor in a Chapter 7 Case is a legal document used in bankruptcy proceedings that frees the debtor from any personal liability for certain debts. This type of discharge is available only to individuals who have filed for Chapter 7 bankruptcy in the state of Wyoming and have completed the bankruptcy process. The discharge eliminates the debtor’s personal liability for most debts, such as credit card debt, medical bills, and other unsecured debts. There are two types of Wyoming Discharge of Debtor in a Chapter 7 Case: absolute discharge and conditional discharge. An absolute discharge means that the debtor is completely relieved of all personal liability for the covered debts; however, it does not necessarily mean that the debt itself is forgiven. A conditional discharge relieves the debtor of personal liability for certain debts, such as taxes or student loans, but does not completely eliminate the debt. The creditor still has the right to pursue collection and other legal remedies.
Wyoming Discharge of Debtor in a Chapter 7 Case
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FAQ
There are certain things you cannot do after filing for bankruptcy. For example, you can't discharge debts related to recent taxes, alimony, child support, and court orders. You may also not be allowed to keep certain assets, credit cards, or bank accounts, nor can you borrow money without court approval.
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.
No matter which form of bankruptcy is sought, not all debt can be wiped out through a bankruptcy case. Taxes, spousal support, child support, alimony, and government-funded or backed student loans are some types of debt you will not be able to discharge in bankruptcy.
Discharging personal liability in Chapter 7 In a Chapter 7 filing, the debtor's personal liability for dischargeable debts is erased. However, liens that are not subject to elimination (i.e., most consensual and statutory liens) survive the discharge.
Chapter 7 bankruptcy wipes out medical bills, personal loans, credit card debt, and most other unsecured debt. Debt that is related to some kind of ?bad act? like causing someone injury or lying on a credit application can't be wiped out.
No matter which form of bankruptcy is sought, not all debt can be wiped out through a bankruptcy case. Taxes, spousal support, child support, alimony, and government-funded or backed student loans are some types of debt you will not be able to discharge in bankruptcy.
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.
There is no ceiling on the amount of debt with which you can file for Chapter 7 bankruptcy. Chapter 7 also is often preferred over Chapter 13 because it wipes out debt and doesn't involve repayment. The rules under Chapter 13 are more stringent, but Chapter 7 is open to any individual with any amount of debt.