You want to go through bankruptcy to get a discharge. The problem is, you likely have no idea as to what that means.
In the real world, a discharge is grounds for a trip to the doctor.
But in the world of bankruptcy, a discharge is a legal release from personal liability for payment of a debt.
Doesn’t help? OK, how about this:
When the bankruptcy court discharges you from a debt, you don’t have to pay it back. Not now, not ever.
Of course, there’s more to it. Here’s your handy guide to the discharge in bankruptcy.

CREDIT One of the biggest concerns that I hear from clients who are interested in filing for bankruptcy is whether or not they’re going to be able to get credit again in the near future.

The main goal in filing a Chapter 7 bankruptcy case is to discharge your debts.  However, to get a discharge, a debtor has to disclose all assets and provide an accurate valuation of the assets.  

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for January 21, 2014 Divvy supplier rides its bikes into bankruptcy Hubway’s Canadian Supplier Files for Bankruptcy Retailer Dots Files for Chapter 11

Bankruptcy is known for providing financial relief in various ways that help debtors get a fresh start and regain financial control.  You may be able to stop foreclosure, prevent or regain utility service, or avoid repossession.  Even though there are different bankruptcy chapters you have the ability to get help you need through the following: [...]

The elderly are less prepared for retirement and deeper in debt than ever before.
The Employee Benefit Research Institute’s 2013 Retirement Confidence Survey reveals that only 46% have saved less than a total of $10,000 towards retirement.

With the start of a new year, many consumers considering bankruptcy may wonder when it is a good time to file.  You may be surprised to learn that now may be the best time.  Discussing your options with a bankruptcy attorney may help you understand timing more accurately and how it can help your personal [...]

Want to buy a home after bankruptcy and qualify for a mortgage?
Thanks to various government programs, you can – and a lot faster than you would expect.
The government knows how many people file for bankruptcy each year, and recognizes that preventing them all from becoming homeowners would kill the real estate market.
Luckily there are a number of programs out there to help you get a mortgage after bankruptcy.

In Oregon, the court imposed filing fee for a Chapter 7 bankruptcy is $306. Chapter 7 Bankruptcy filers have the option of paying this filing fee after their cases are filed. Our office prepares the required application for you so that you can get your case filed quickly and pay the filing fee later. If you do choose this option, the Oregon Bankruptcy Court will impose an installment payment schedule that will enable you to make three monthly payments of $102 in the three months after your case is filed

Your creditors can force you into bankruptcy – literally and figuratively.
At least twice a week someone tells me that they’d never file for bankruptcy if only their creditors would “work with them.”
It’s as if the credit card companies, car lenders and mortgage banks are conspiring against you.
What you don’t know is that in some ways, they are doing just that.
Creditors Often Don’t Care If You File For Bankruptcy