Legal Question in Bankruptcy in Nevada
Bankruptcy discharged?
What does it mean when a bankruptcy has been discharged? Also, when it has been discharged can the state or creditors take your home?
1 Answer from Attorneys
Meaning of Bankruptcy Discharge
When you receive your Discharge, it means that your bankruptcy is over. You do not have to pay the bills listed as "Unsecured, NonPriority." (such as doctor bills, credit cards)
You do have to pay the "Unsecured, Priority" debts. Yes, the IRS can take your stuff. Pay them!
To keep your house & your vehicle, you must still pay for them and you must pay on time. The protection from your creditors by the Bankruptcy Court is gone. If you are late on your car payment after the Discharge, the finance company can repo the vehicle. If you are behind on your house payment, the lender can start the foreclosure process.
Related Questions & Answers
-
Can i save my home and file bankruptcy? i've lived in my home for 25 years. i... Asked 3/19/02, 3:10 pm in United States Nevada Bankruptcy Law
-
Automatic Stay & Homwowner's Associations Rent a home in a sub-division that is... Asked 2/26/02, 1:29 pm in United States Nevada Bankruptcy Law
-
Bankruptcy and tax refunds I am going to file chapter 7 bankruptcy in 2002. I am... Asked 2/18/02, 1:39 pm in United States Nevada Bankruptcy Law
-
Garnishment, what is employer's responsiblities An employee files Chapter 7... Asked 1/18/02, 7:55 pm in United States Nevada Bankruptcy Law
-
Traffic Tickets Can I file traffic tickets that have went to a collection agency in... Asked 12/19/01, 1:15 pm in United States Nevada Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
