Are all the debts incurred by a debtor during the BK proceedings dischargeable?
-
-
Only debts you incurr before you filed are dischargeable.Bankruptcy History:
Chapter 7 filed - 10/12/2005 - Asset
Discharged - 02/16/2006
Case Closed - 11/08/2007
A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain ~ Mark Twain
All suggestions are based on personal experience and research and SHOULD NOT be construed as legal advice as I am NOT an attorney. Always consult with competent counsel in your area with regards to your particular situation. -
And, you should not be incurring NEW debt during the BK...and for that matter after if you really want your fresh start.
As BassBoy pointed out, only debts that you incur before filing can be discharged.
But, to avoid confusion...what debts are you talking about?Comment
-
What about debts related to payment of the rent, clothing, medical bills, etc. ? I mean everyday debts. Thanks.Originally posted by HHM View PostComment
-
Those are not debts, those are expenses.
I see we need to back-up a bit...
A debt is when you borrow money and are expected to pay it back. Thus, if you buy something with a Chase Credit Card, you are borrowing money from Chase to pay for that item. The Debt is the money you owe to Chase.Comment
Comment