How long after meeting of creditors is discharge?
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How long after meeting of creditors is discharge?
about 60 days
What is the order of discharge?
The discharge is a permanent order prohibiting the creditors of the debtor from taking any form of collection action on discharged debts, including legal action and communications with the debtor, such as telephone calls, letters, and personal contacts.
What happens after your meeting of creditors?
Your creditors have 60 days from the date of your initial meeting of creditors to object to your discharge. If no creditors object and you’ve completed all other requirements (such as filing your certificate of debtor education), then you’ll receive your discharge after the deadline for filing objections passes.
Can you add creditor after discharge?
In most cases, you can add still the creditor although there could be an amendment fee associated because you will need to file for an amendment and complete a new schedule list to show all creditors including the creditor that was left out of the previous filing.
Can Judgements be discharged in Chapter 7?
If a creditor gets a judgment against you and the debt is dischargeable in a Chapter 7 bankruptcy, filing for bankruptcy will wipe out a creditor’s ability to collect. Judgments, however, can create a lien on your property. So it’s possible to wipe out a judgment in bankruptcy and remain obligated to pay the lien.
Can a Judgement be dismissed?
In order to vacate a judgment in California, You must file a motion with the court asking the judge to vacate or “set aside” the judgment. Among other things, you must tell the judge why you did not respond to the lawsuit (this can be done by written declaration). You may even be able to win the case.
How long does it take to get a discharge from Chapter 7?
three to six months
Do creditors object to Chapter 7?
In a Chapter 7 bankruptcy, a creditor or trustee can either object to the discharge of a particular debt or they can object to the discharge of all of your debts. If a creditor objects to a specific debt, it will not affect any of the other debts in your case.
What is considered non exempt property in a Chapter 7?
What Are Nonexempt Assets? Nonexempt assets are those that can be sold by the trustee assigned to your case by a bankruptcy court. In a Chapter 7 bankruptcy, the proceeds from the sale of these assets are used to pay off or partially pay off some or all of your creditors.
What is non exempt equity?
If the value of your property exceeds the amount of the available exemption, you have non-exempt equity. Only a portion of the total value of the property is protected from creditors. Whether the equity you have in property is exempt or non-exempt is not necessarily based solely on the value of the property.
