discharge in bankruptcy

The effect of such an order under the Act is the same as a discharge in bankruptcy.

This bill, if passed, would once again allow private student loans to be discharged in bankruptcy.

It may also be extinguished by his discharge in bankruptcy.

Decreased the number and type of debts that could be discharged in bankruptcy.

U.S. law also provides for specialized discharges in bankruptcy (see below).

Income tax liability is not discharged in bankruptcy.

He led an extravagant lifestyle, which the two continued together, and was discharged in bankruptcy in 1896.

A debtor may wish to pay a debt, even though that debt would be discharged in bankruptcy.

You've been discharged in bankruptcy.

In the United States, there are generally seven kinds of debtor discharges in bankruptcy, found in the following statutes:

It is now virtually impossible to get many of those debts discharged in bankruptcy, which will raise profits for credit card companies like MBNA.

U.S. Federal student loans and some private student loans can be discharged in bankruptcy only with a showing of "undue hardship."

In America bankers make money out of students by making sure that their student loans cannot be discharged in bankruptcy, so will be with them for the rest of their life.

To compensate the agencies, the creditors gave them a share of each payment, generally 12 percent to 15 percent through the 1980's since those debts might otherwise have been discharged in bankruptcy.

Specific uses of the writ may include judgments that the debtor has paid, for debts that have been discharged in bankruptcy and that exceed the jurisdiction of the court.

Some debts, such as alimony and childsupport, cannot be discharged in bankruptcy, while others, such as student loans, are difficult to discharge and are therefore rarely discharged.

The IRS established rules on the deductibility of alimony, and federal bankruptcy laws prohibit discharging in bankruptcy of alimony and child support obligations.

She said that Congress intended debts due to negligent or reckless actions, like the substandard medical treatment at issue in this case, to be discharged in bankruptcy like ordinary debts.

But towards the end of the eighteenth century the courts developed what Jay Cohen calls 'a more expansive definition' of the term, which made many non-traders eligible for discharge in bankruptcy.

Unlike most other debt, student loans generally cannot be discharged in bankruptcy, and the government can garnish wages or take tax refunds or Social Security payments to recover the money owed.

On April 25, 1877, Francis B. Fleitas obtained a discharge in bankruptcy in the United States District Court for the Eastern District of Louisiana.

This bill classifies private student loan debt in the same category as credit card debt, and other similar debt, and provides that private student loans may be discharged in bankruptcy.

The current Federal law, enacted in 1984, provides that debts incurred by having obtained money or property by "false pretenses, a false representation, or actual fraud" cannot be discharged in bankruptcy.

The term is more specifically used by the United States Bankruptcy Code to describe a category of bad acts that taint a particular debt such that it cannot be discharged in bankruptcy.

If the beneficiary wins a judgment against the trustee, and the trustee files for bankruptcy, the debt (the judgment) cannot be discharged in bankruptcy because the debt was the result of a defalcation.