A federal judge in Texas has reversed a Biden administration rule that wiped medical debt from credit reports, affecting ...

Tax debt, alimony, spousal or child support and student loans are all typically ineligible for discharge. If your debt isn’t able to be discharged, it’s either due to the type of bankruptcy ...

Unsecured debt, or any debt that isn’t backed by collateral, is a common option for many borrowers. Lenders usually charge higher interest rates for unsecured versus secured debt since it’s riskier, ...

“It is considered fair that the debtor should be held accountable for these debts,” Galstyan said. Most Tax Debt. In most cases, those who owe tax debts cannot discharge these debts in bankruptcy.

The Bankruptcy Code has excepted certain debts that are incapable of being discharged as a matter of right, including, without limitation, certain "qualifying" loans used to fund a debtor's education.

Under the RS Air opinion, a bankruptcy discharge injunction under 11 USC section 542 protects the discharged debtor LLC from future efforts to collect on the discharged debt, but does not prevent ...

However, debt consolidation does not result in your debts being discharged. On the other hand, bankruptcy may provide more relief. If you file for Chapter 7 bankruptcy, the court may discharge all ...

While there's no set minimum debt amount required to file for Chapter 7 bankruptcy, filing should be considered a last resort after carefully evaluating your overall financial situation and ...

Under this scenario, only $100,000 of the discharged debt (the qualified principal residence indebtedness) is excluded from gross income. As to the remaining $200,000, ...