Failure To Explain Structures And Transactions Leads To A Denial Of Discharge In Link
Debtors were denied a discharge when they could not adequately explain or provide sufficient documents for a complex asset ...
Does bankruptcy clear tax debt?
Speak to a tax relief expert about your delinquent tax debt today.
JD Supra15d
Court Must Sign Off on Post-Petition Settlement to Survive Discharge
Todd Christenson filed for chapter 7 bankruptcy in November 2010. In February 2011, a federal bankruptcy court in Minnesota discharged ...
No, Filing A FERPA Complaint Won’t Cancel Your Student Loans
While privacy concerns may be valid, pursuing a FERPA complaint is highly unlikely to result in student loan cancellation.
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4 Debts That Are Not Discharged in Bankruptcy
If you were to file for bankruptcy, you might experience an unwelcome shock in finding out this does not discharge all forms of debt. Those who carry certain debts are still held responsible for ...
JD Supra28d
Understanding Non-Dischargeable Debts Under the Bankruptcy Code: A Guide for Creditors
Section 523(a) of the Bankruptcy Code outlines specific debts that are not discharged in a bankruptcy proceeding. These provisions aim to protect creditors who are owed debts resulting from ...
Will collections debt go away if I file for bankruptcy?
The short answer is yes, most collections debt can be eliminated through bankruptcy, but the type of bankruptcy you file determines exactly how this works. The two most common types are Chapter 7 and ...
The Heritage Foundation4y
Bankruptcy Clause
It was unclear, for instance, whether a state law that purported to discharge a debtor of a debt prohibited the creditor from trying to collect the debt in another state. Pro-debtor state ...
U.S. News & World Report22d
Can I Declare Bankruptcy for Credit Card Debt?
Chapter 7 or Chapter 13 may discharge or reorganize your credit card debt. Some debts may not be cleared in bankruptcy, such as nondischargeable obligations, recent luxury purchases or ...
devdiscourse1d
IL&FS Group Initiates Major Intermediary Debt Payout
The IL&FS Group has begun a Rs 5,000 crore interim payout to creditors, advancing its resolution strategy. This effort brings the resolved debt to Rs 43,000 crore of the Rs 61,000 crore target. The ...