Discharge under chapter 7
May 31st, 2009 by admin
The discharge is available to the individual debtors in Chapter 7 Bankruptcy and it is not given to the partnerships and corporations. The right of the discharge is not absolute in chapter 7 and some types of the debts may not be discharge. The chapter 7 case starts after filing a petition with bankruptcy court. The schedules of the assets and properties are also filed in the court with current income and expenditures. The debtors have to [provide the tax return copy to the court as well for most recent tax year. There might be some additional document filing requirements for the debtors with primarily consumer debts.
