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The debt is excepted from discharge if it was not scheduled in time to permit timely action by the creditor to protect his rights, unless the creditor had notice or actual knowledge of the case.
The debt is excepted from discharge if it was not scheduled in time to permit timely action by the creditor to protect his rights, unless the creditor had notice or actual knowledge of the case.
What Is Nondischargeable Debt? Nondischargeable debt is a type of debt that cannot be eliminated through a bankruptcy proceeding. Such debts include, but are not limited to, student loans; most federal, state, and local taxes; money borrowed on a credit card to pay those taxes; and child support and alimony.
Dischargeable debt is debt that can be eliminated after a person files for bankruptcy. The debtor will no longer be personally liable for the debts and therefore has no legal obligation to pay discharged debt.
But even if a debt qualifies for a discharge, a creditor or the bankruptcy trustee can object to the discharge of a particular debt or the entire bankruptcy case by filing a motion or lawsuit called an adversary proceeding.
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An Objection to Discharge is a motion by a creditor to a bankruptcy court asking the court not to discharge a persons specific debt owed to that creditor. If the court grants the motion, the debt is not discharged in bankruptcy and remains due.
What is a discharge in bankruptcy? A bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer legally required to pay any debts that are discharged.
Depending on the length of your plan, the Chapter 13 notation will drop from your credit reports two to four years after receiving your dischargea docHub improvement over a Chapter 7 bankruptcy, which the credit bureaus can report for up to ten years.
The discharge releases the debtor from all debts provided for by the plan or disallowed (under section 502), with limited exceptions. Creditors provided for in full or in part under the chapter 13 plan may no longer initiate or continue any legal or other action against the debtor to collect the discharged obligations.
A discharge releases a debtor from personal liability of certain debts known as dischargeable debts, and prevents the creditors owed those debts from taking any action against the debtor or the debtors property to collect the debts.

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