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deformed was produced by the united states please
definition
valujet cannot be discharged in a bankruptcy
certain types of deaths such as child support
alimony most student loans some federal income taxes and all employer withholding taxes
cannot be discharged in bankruptcy
the debtors wrongful conduct may make some debts non discharge of all
examples of such conduct are encouraged credit card charges without the intent or ability
to repay
or obtain loans using false financial information
bankruptcy does not wipe out most mortgages orleans
a debtor who wants to keep his or her house must continue making mortgage payments
a debtor who wants to keep a car which is being financed
must likewise continue making the payments
and generous behind on work experience
maze chapter thirteen to keep his or her home
by catching up on past due payments over time
plus the making regular mortgage statements
and in a chapter seven case certain property can be redeemed from moline or in other words
purchased for what it is war
for example
in a bankruptcy proceeding
the court may determine that a car on which the debtor as three thousand dollars
is only worth fifteen hundred dollars
the debtor made and keep the car by paying the lump sum a fifteen hundred dollars
any either chapter some leans on except personal property may be avoided altogether
said that the debtor keeps the property without making further payments
under startin circumstances a debtor may be denied a discharge altogether
and continued to al all debts as if the bankruptcy had never been filed
some of the reasons for being denied a discharge
are fraudulently transferring assets
hygiene awstats
making false statements for disobeying the bankruptcy court
such actually also be federal crimes for which the debtor can be fined or imprisoned
we'll tell you more about that and the later segment of this area
the bankruptcy code limits the frequency with which in individual may receive a discharge
these limits depend on the chapters under which the debtors five
as mentioned earlier the law permits debtors in bankruptcy to keep or accept certain property
in order to make a fresh start
however to keep all these properties such as a home or a car
the debtor must still pay the security prison
in chapter seven the extension process means that a trusted cannot kelly sent property
for the benefit of creditors
generally the trustee can only sell non exempt property
sometimes an eye on the property is only partially sent
and the trustee can sell it and pay the debt of the amount of the exemption
for example
if the debtor owns a car with three thousand dollars
and lives in the state where there is a part section of one thousand dollars
the trustee may sell the car
hit the debt of one thousand dollars the except about
and use the remaining two thousand take creditors
inside situations the debtor may keep the car by paying the trustee two thousand dollars
the value of the car that is not exam
the bankruptcy code provides certain federal exemptions and also allows each state to adopt
its on exemption law in place by the federal exemptions
the availability an amount of property you make sense therefore depends on the state
where you live
sendcommand examples of exam property under the bankruptcy code
a portion of the equity and debt is home
a portion of the equity and one motor vehicle
some or all tools of the trade used by the debtor to make a living
fixes auditors for an auto mechanic or dental tools for dances
you lose any exception that you don't claim
is therefore very important for you to consult an attorney to determine which exceptions
are available
it's also important to carefully list describe and value all property you plane has exams
in the schedules filed with your bankruptcy petition