How to discharge debt?

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How To Discharge Debt And A Better Alternative

How to discharge debt the right way - and how to avoid the pitfalls of the process. But this post goes on and offers you an even better alternative.

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How can I stop my ex spouse on a debt in our divorce agreement he is trying to discharge in bankruptcy?

My ex filed bankruptcy. In our divorce agreement he solely owed a debt to my parents for $20,000 and a new contact was written as stated in our agreement. He paid for 2 years then quit. My parents took him to small claims and got a judgement on the remaining...

Answer:

only child support, IRS debt, and student loans can't be discharged. everything else can.

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After bankruptcy discharge, how do you handle some of the debt that got missed in the filing?

To clarify, a credit card company took a chance on me. They gave me a $300 credit line before my bankruptcy went through. I had severe financial difficulty with car trouble, college age kids and I am very far behind on payments with this CC company that...

Answer:

Some debts are left off the filing if you are current on those payments. Usually you and the attorney...

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New debt after getting discharge in bankruptcy?

I was wondering what some pros and cons are for incurring new debt after getting discharged from bankruptcy. I know an obvoius con is that you may never learn your lesson, and have to file again. Are there any more? I also know that if you incur some...

Answer:

Read or listen to Dave Ramsey. He has great programs for staying debt free. His saying is "Live...

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What "discharge" category do I choose for form 982 if I had debt canceled for teacher loan forgiveness program?

I received a 1099-C form for a percentage of my student loan that was forgiven for teaching in Kentucky for the past year. I know I do not have to count this as income, but I must file it under "other income" and then do form 982 to show that...

Answer:

Back up. Who cancelled the debt? Was this part of your original loan agreement or not? If you got the...

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Is there a legal document that can discharge a primary cardholders responsibility from authorize user's debt?

Our relative who bankrupted before uses my identify to apply for credit cards, but recently defaulted on couple of them. My relative is going to pay for the debt, but is there anyway for me to be release of this obligation? Is there any document that...

Answer:

Unfortunately the only way for you to be released is to file a Police report for the Identity Theft...

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Is suicide the only way out to discharge my massive student loan debt?

I owe 90k in student loan debt. I have been paying as much as I can, but it is not enough. I can only afford about 400 a month. They want over 1000. I only make about 30k a year after taxes. I can't see myself living like this for the rest of my life...

Answer:

Oh please, your life is much more important than money. You have lots of options. Talk to a financial...

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Will Chapter 7 discharge this type of debt?

I was in school and received financial aid and then withdrew and was told I had to return my financail aid. I did not return my financail aid, but my school returned the money back to the government so that now I owe the school and not the government...

Answer:

Your debt will not be erased if you file Chapter 7. Educational expenses will not be discharged. See...

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Answer:

They don't. Despite popular publicity, all a Bankruptcy discharge does is halt the actual collection...

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Answer:

Reaffirmation does apply to Chapter 13 bankruptcies, and the benefit of filing a Chapter 13 case is...

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