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Understanding What a Bankruptcy Discharge Means to You

One of the primary goals of filing a bankruptcy case is to obtain a discharge of your debt. When the bankruptcy court enters your discharge order, it means that you are no longer legally liable to pay the majority (or possibly all) of the debts included in your bankruptcy filing. In essence, the discharged debt is eliminated! In many cases, this saves a debtor thousands (or even hundreds of thousands) of dollars.
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One of the primary goals of filing a bankruptcy case is to obtain a discharge of your debt. When the bankruptcy court enters your discharge order, it means that you are no longer legally liable to pay the majority (or possibly all) of the debts included in your bankruptcy filing. In essence, the discharged debt is eliminated! In many cases, this saves a debtor thousands (or even hundreds of thousands) of dollars.

One of the primary goals of filing a bankruptcy case is to obtain a discharge of your debt. When the bankruptcy court enters your discharge order, it means that you are no longer legally liable to pay the majority (or possibly all) of the debts included in your bankruptcy filing. In essence, the discharged debt is eliminated! In many cases, this saves debtors thousands (or even hundreds of thousands) of dollars. This dramatic relief from debt is the reason bankruptcy is commonly referred to as giving you a financial “fresh start.”

When an individual files a Chapter 7, Chapter 11, or Chapter 13, the bankruptcy court requires full financial disclosure. This means that you must disclose all of your debts, creditors, income, expenses, and other financial information. You must list the debt in your filings in order for it to be discharged. The court uses your list of creditors referred to as the “creditor matrix” to notify your creditors of your bankruptcy filing. All parties that receive notice of your bankruptcy filing will be bound by the discharge order (as it applies to their type of debt when it is entered by the court.

Once the discharge order is entered by the court, creditors are prohibited from trying to collect the discharged debt. In fact, creditors of discharged debt cannot send demand letters, call you on the telephone, file lawsuits or pursue any other types of collection activity against you. If a creditor ignores the discharge order and continues collection efforts of a discharged debt, you can seek damages against that creditor in court.

Please keep in mind that every case is different. If you have questions about filing personal bankruptcy or how a discharge of debt benefits you and would like to schedule a no-cost consultation, please contact our office by completing the form on this website or calling us at 954-466-0541.

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If you are considering filling for bankruptcy , this would be the firm to use! Jonathan is very experienced as well as all of his team, Specially Anne ! They made the process very easy and my case was approved due to their help and expertise! I am very grateful to have had them representing me !
Xime Basa
Xime Basa
2023-09-28
I highly recommend LSS Law. No complaints. Jonathan, Ann, and Maria were very professional and clear in all our communications, which makes everything really easy.
Donald Galindo
Donald Galindo
2023-09-05
Great service. Friendly and helpful staff. Highly recommend.
Al La
Al La
2023-03-29
Jonathan and Anne were wonderful and I thank you for helping me with my new beginning.
ADRIANNE SURRENCY
ADRIANNE SURRENCY
2023-03-29
I had a wonderful experience with Jonathan Leiderman at LSS Law. Not only is he well experienced, but he is also very patient and supportive throughout a tough time. I appreciate that he takes such a hands-on approach where there is no going through office staff and waiting for a reply. He deals with you one-on-one, and he is your single point of contact. He takes time to answer all your questions and takes the time to ensure that you understand every aspect. He is highly communicative and does so in a timely manner.... I always got a response within minutes or hours, at the latest 24 hours. I don't know how he does it all, but I am grateful that I had him to represent me! I highly recommend Jonathan and LSS Law!
Jewel Nicholson
Jewel Nicholson
2023-02-16
Jonathan Leiderman did a phenomenal job representing me and taking on my case. His knowledge, experience, and diligence quickly became apparent through his work product and the correspondence that he maintained with me. Furthermore, he was always quick to answer my questions and put my mind at ease during the entire process. Jonathan and LSS Law will forever have my gratitude and I highly recommend their services to anyone who is in need of them.
Ali
Ali
2023-02-06
I am really greatful to attorney Jonathen Leiderman for patiently working with me through a very stressful period of ambivalence, and then towards resolution of a difficult predicament. His professionalism and empathy were exceptional. I would recomend him to all who need similar services.
Peter G
Peter G
2022-04-04
Excellent company to work with providing timely advice and guidance. Went above and beyond in assisting our company with an out of state bankruptcy issue
Diane Artioli
Diane Artioli
2021-10-08
This company was very professional, sympathetic and very reasonably priced.
Kemel Gajraj
Kemel Gajraj
2021-09-13

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