What happens after the plan payments have been paid under a chapter 12 bankruptcy?
The debtor will receive a discharge which releases the debtor from most debts; however, the debtor must certify that all domestic support obligations are current. It is important to know that the creditors who were listed in the bankruptcy petition and paid either wholly or in part under the plan may not start or continue any legal actions to collect any debt discharged under the bankruptcy. Please note that bankruptcy discharge is complex and it is important to be aware of how your debts are discharged under the bankruptcy plan.
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- What happens after the plan payments have been paid under a chapter 12 bankruptcy?