Priority Debts
One of the most important aspects of bankruptcy is that all debts are not equal. "Priority" debts are treated special in a number of ways.
List all Creditors in Your Bankruptcy Case
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.
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."
Creditor Claims and Proofs of Claim
In most Chapter 7 cases, there is not much practical effect to what creditors put on their proofs of claim.
“Pre-Petition” and “Post-Petition” Debts in Chapter 13
There are various ways of dealing with debts that arise during the course of your Chapter 13 "adjustment of debts" case.
“Pre-Petition” and “Post-Petition” Debts in Chapter 7
The timing of your Chapter 7 "straight bankruptcy" case can make a huge difference in dealing with your debts.
Debts Not Discharged in Chapter 7 Bankruptcy
Most debts can be discharged--permanently eliminated--in bankruptcy. Here are the exceptions.
The Discharge of Debts in Bankruptcy
In your goal of getting a fresh financial start, your most important tool is the "discharge"--the permanent legal elimination of your debts.
