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What does a Chapter 7 discharge mean?

April 26, 2017chapter 7 Discharge mean

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What does a Chapter 7 discharge mean?

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When the Bankruptcy Court issues a discharge under Chapter 7, the court is releasing a debtor from all of the dischargeable debt and restricting the creditors who were owed money from attempting to collect any portion of the debt. In basic terms once a discharge is issued the debtor is released from debts to creditors and does not have to pay. This does not necessarily discharge all debt you owe, some debts are not dischargeable under Chapter 7 of the Bankruptcy code, and you should consult an attorney as to what is dischargeable.