In bankruptcy, a discharge is a term used to describe a debt that doesn’t have to be repaid. But not all debts are dischargeable. Those that are include: business loans, unpaid rent and credit card expenses. Debts that cannot be discharged include: some taxes, salaries owed to employees, penalties and fines that have been imposed on the company by the government. It’s also important to note that personal expenses cannot be discharged in a business bankruptcy; only debts incurred on behalf of your company. More Questions about Bankruptcy? We have answers! Contact our bankruptcy team to discuss all options available …
Filing Chapter 7 bankruptcy in the midst of letting go of your home can be a smart combination.
Evidence is mounting that the banks suppressed the “independent” reviewers’ efforts to find foreclosure abuses and compensate homeowner victims.
This settlement means for of the same for the New Year: “no accountability for financial institutions and little help for borrowers,” according to a NY Times op-ed.