In bankruptcy, discharge is a legal term that refers to a court order that releases a debtor from personal liability for certain types of debts. This means that the debtor is no longer legally required to pay these debts, and creditors are prohibited from taking any further action to collect them.
The discharge is a powerful tool that can help people who are struggling with debt to get back on their feet. It can provide much-needed relief from the stress and anxiety of debt, and it can give people a fresh start.
However, it's important to note that not all debts are dischargeable in bankruptcy. Some debts, such as debts that are domestic support obligations (e.g., child support, alimony), debts for most taxes (with exceptions), and debts for most student loans are not eligible for discharge. Additionally, the discharge can be denied if the debtor is found to have committed certain types of fraud or abuse.
If you're considering filing for bankruptcy, it's important to speak with an attorney to discuss your options and to determine if bankruptcy is the right choice for you.
The experienced bankruptcy attorneys at DiMarco Warshaw, APLC can determine your options and your best solution to eliminate your debt. Andy Warshaw is certified by the State Bar of California as a Specialist in Bankruptcy Law. Attorney Darren DiMarco has over 20 years of experience resolving debt related matters, especially for business owners and homeowners.
To speak to an attorney with your best interests in mind, schedule a free evaluation here https://calendly.com/dimarcowarshaw/20min or call us directly at 888-890-5474.
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