Law Office of James L. Keenan

Help when you need it

Personal service since 1995

James Keenan Law

Contact me for a free consultation!

PH 916.448.6923

TXT 916.715.6145

EMAIL James now!

Contact me for a free consultation!

PH (916) 448-6923

TXT (916) 715-6145

EMAIL James now!

office sq

Bankruptcy Discharge

Bankruptcy Discharge

Bankruptcy discharge is the legal term applied to debt elimination through bankruptcy. Filing for bankruptcy and completion of a bankruptcy case allows filers to receive a discharge. The discharge is an order issued by the bankruptcy court eliminating debt. Here is the he full explanation of a discharge according to the United States Bankruptcy Court.

People filing bankruptcy are known as debtors. Creditors are the entities debtors owe when they file for bankruptcy. Debtors in need of debt relief list their creditors in their bankruptcy paperwork, or bankruptcy petition. Upon the completion of their case, debtors receive a bankruptcy discharge. The discharge legally eliminates the debtor’s debts. It’s that simple. Creditors who try to collect after a discharge has been ordered can be subject to penalty and sanctions as this news story suggests.

dischargeNot everyone is eligible to file bankruptcy. But those who are can eliminate, or discharge, their debts thought a bankruptcy filing. Limitations exist that may prevent some from filing bankruptcy and receiving a bankruptcy discharge. These impediments to a bankruptcy discharge may be previous bankruptcy filings, excess income or too much property. If eligible, though, a bankruptcy discharge order will result from a bankruptcy filing and successful case completion.

Just filing for bankruptcy alone will not result in a bankruptcy discharge. The bankruptcy case must be approved and completed. With a Chapter 7 bankruptcy this may mean a few months form filing to discharge. A debtor usually does not have to pay anything to his creditors in a Chapter 7 bankruptcy. In a Chapter 13 bankruptcy, where a debtor does pay something to his or her creditors, this may mean a few years to obtain a discharge. Whatever the type of bankruptcy case, individual debtors receive a discharge at the successful conclusion of their case.

The bankruptcy discharge only applies to legally dischargeable debts. Not all debts can be discharged through bankruptcy. Student loans, criminal restitution and child support are common examples of debts that are not dischargeable.

Most consumer debts are dischargeable. And a bankruptcy discharge can legally wipe them out.

Sacramento Bankruptcy Debt Relief
Foreclosure Relief

By accepting you will be accessing a service provided by a third-party external to https://www.jameskeenanlaw.com/

Law Offices of James L. Keenan

2600 H St. Sacramento, CA 95816

Phone: 916-448-6923

Fax: 916-442-6524

Email: jameslkeenan@aol.com

Office Hours: Monday – Friday 8 a.m. – 5:30 p.m.

Evening Appointments Available

Home | Sacramento Bankruptcy | Sacramento Personal Injury | Sacramento ConservatorshipContact | Privacy PolicySacramento Website Design by CitrusKiwi

Copyright © 2013 - . James L. Keenan Law. All rights reserved. | STAFF LOGIN

Disclaimer: The legal information presented at this site should not be construed to be formal legal advice, nor the formation of a lawyer or attorney client relationship. Any results set forth herein are based upon the facts of that particular case and do not represent a promise or guarantee. Please contact James Keenan personally for a consultation on your particular matter. This web site is not intended to solicit clients for matters outside of the state of California.