Discharge of Debts

Crucial Question: When Can I File Another Bankruptcy?

It's a matter of timing. And that timing depends on whether you previously filed under Chapter 7 or 13, and what you are filing under now.

Borrowing to pay medical debts creates new potential risks. A debt that was easy to discharge in bankruptcy becomes one that you often can't.

You can avoid the presumptions of fraud, and so discharge more of your credit card debts, by timing your bankruptcy filing right.

What do you need to do, what efforts is worth taking, if there are debts you don't have any records on or you've forgotten about?

What happens if you list a creditor in your bankruptcy case but, unknown to you, it sold the debt to a collection agency that you don't list?

Usually if you don'='t list a debt, it doesn't get discharged. An exception is if the creditor still learns about your case, on time.

If you don't list a debt in your bankruptcy case, and don't add it in on time, it may not be written off. So carefully include all debts.

Most debts get written off--discharged--in bankruptcy. The only ones that aren't are specifically listed in the Bankruptcy Code.

Do you owe income taxes for the 2018 tax year AND already owe for one or more tax years? Chapter 13 may be an especially good tool for you.

Bankruptcy is about writing off or discharging debts. The timing of discharge is quite different in Chapter 7 and 13; both are permanent.

A creditor might want to pay a claim through your insurance, or finish a lawsuit to establish that you got the debt through fraud.