How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Ellen Your Own Question
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
Type Your Bankruptcy Law Question Here...
Ellen is online now
A new question is answered every 9 seconds

Once declared bankcrupt do you ever have to repay your deb

This answer was rated:

Once declared bankcrupt do you ever have to repay your debts?

Thank you for your question.

Once a discharge in bankruptcy is received, the debts listed in the bankruptcy petition are discharged/erased. they do not need to be paid at later date
Ellen and other Bankruptcy Law Specialists are ready to help you
Customer: replied 7 years ago.
What is a discharge?
the discharge is the court order issued at the conclusion of the bankruptcy that states that the debts are no longer owed
Customer: replied 7 years ago.
Is this something that you have to wait for or apply for and how many years later does this apply?
the discharge is issued by the court as part of the bankruptcy. It is not limited by time but rather is a permanent errasure of the debt
Customer: replied 7 years ago.
Sorry, I meant how long before the discharge is issued?
about 6 months
Customer: replied 7 years ago.
Thank you so much
thank you and best wishes to you