Let An Experienced New York Bankruptcy Lawyer Help Eliminate Your Debts
If you are considering bankruptcy, it is essential to understand the different types of bankruptcies available to you. Chapter 7 Bankruptcy can help you get a fresh start by permanently eliminating most debts. This type of bankruptcy is open to individuals and businesses.
A New York bankruptcy lawyer at The Law Firm of Joseph Lassen can help you determine whether Chapter 7 bankruptcy is the right option for you and guide you through the filing process. With the help of experienced Staten Island New York Bankruptcy Lawyers, you can rest assured that your case will be handled professionally and efficiently with your best interest in mind.
If you are searching for a dependable “bankruptcy lawyer near me,” who can help you understand how this process might work for your unique situation, you are in luck! We are more than willing to facilitate and help you decide whether bankruptcy may the best course of action for you.
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What Do Dischargeable Debts Mean In Bankruptcy?
A discharge in bankruptcy releases the debtor from responsibility for a number of specified types of debt, and the debtor is no longer obligated to pay these discharged debts. This discharge is a permanent order that stops creditors from taking any form of collection action, including legal action and contact with the debtor—like phone calls, letters, or personal visits.
Even if a debt has been discharged in bankruptcy, the debtor is still obligated to pay any liens that have not been avoided. This means that creditors can take action to recover the property associated with the lien.
One of the primary benefits of Chapter 7 bankruptcy is that it can help discharge different types of debt. A few of the types of debt that Chapter 7 bankruptcy can eliminate are:
- Credit Card Debts
- Bank Loans
- Medical Bills
- Payday Loans
- Overdue Electric or Phone Bills
- Tuition Fees (Except Student Loans)
Government-affiliated debts typically cannot be discharged through Chapter 7 bankruptcy. Examples of government debts that may not be eliminated through Chapter 7 bankruptcy include but does not limit to the following:
- Recent Personal Taxes (but old taxes may be eligible for discharge in some cases.)
- Child Support
- Parking Tickets
How Does Bankruptcy Eliminate Debts?
In general, a debtor will automatically receive a discharge unless someone files an objection to it. According to the Federal Rules of Bankruptcy Procedure, the bankruptcy court clerk will send copies of the order of discharge to all creditors, including their respective attorneys, if applicable, the U.S. Trustee, and all trustees in the case. The debtor and their bankruptcy attorney will receive a copy of the discharge order.
The notice does not mention which debts the court has ruled are non-dischargeable and, therefore, still owed. The notice only informs creditors that the debtor no longer owes them any money and that they should not try to collect payment.
The notice cautions that anyone continuing collection efforts could be subject to punishment. If the clerk fails to send a copy of the discharge order within the required time, it does not affect whether or not the debtor gets their discharge.
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Are You Searching For A Reputable "Debt Lawyers Near Me?
Our experienced bankruptcy attorney is dedicated to providing personalized legal services specifically tailored to your situation, whether you are considering filing for bankruptcy or have already initiated the process.
If you are searching for the best “bankruptcy lawyer near me,” look no further than The Law Firm of Joseph Lassen. Our New York bankruptcy lawyers understand that financial hardship can be intimidating and overwhelming, so we strive to make the entire process of filing for bankruptcy as straightforward and stress-free as possible.