Writing Off or Discharging Debts in Chapter 7 and Chapter 13
Bankruptcy is about writing off or discharging debts. The timing of discharge is quite different in Chapter 7 and 13; both are permanent.
Debts Voluntarily Paid in Chapter 7
Chapter 7 is usually much better if one of your high priorities is to favor a debt by paying it. You can do so more easily and flexibly.
Permanently Write Off Debts in Bankruptcy
The main goal of bankruptcy is often to write off--"discharge"--your debts. Here's how it works in Chapter 7 "straight bankruptcy."
Voluntary and Involuntary, Individual and Joint Bankruptcy Cases
Almost all consumer bankruptcies are voluntary. Involuntary ones are mostly for businesses. Joint cases with your spouse save time and money.