By Jeff Field | Published February 27, 2024 | Posted in Bankruptcy, Chapter 13, Chapter 7 | Tagged Tags: bankruptcy code, ineligible for discharge | Leave a comment
Limits on Discharging Credit Card Debt in Bankruptcy
When you file for bankruptcy, the outstanding balances on your credit cards are treated as unsecured debts. That means they are usually discharged completely in a Chapter 7 and only partially repaid in a Chapter 13. However, there are circumstances in which credit card debt is ineligible for discharge, depending on the amount and why Read More
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The Automatic Stay in Bankruptcy: Knowing its Limits
Bankruptcy offers a number of protections for people facing overwhelming debt. One of the most important is the automatic stay that takes effect once you have filed. In general, it stops your creditors from taking action to collect debts and also halts lawsuits and most other legal proceedings against you. The stay remains in place Read More
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