Law Offices of David P. Leibowitz LLC
Lakelaw is a registered assumed name for Law Offices of David P. Leibowitz LLC
Clients often ask “Will my bankruptcy be go through?” It’s a reasonable question. The answer to this question could mean a lot of things. Some people are wonder if they can file a case under chapter 7 or if they have to file a case under chapter 13. We’ve written a lot about this before.
Often, people are really asking whether they will get a discharge in bankruptcy. The general idea of bankruptcy is that an honest person gets a fresh start. You can lose the chance to get a discharge in bankruptcy if you do something which the Bankruptcy Code considers bad. You can also lose your discharge in bankruptcy if you don’t pay attention to details.
A discharge is the most important benefit of filing a bankruptcy case. A discharge wipes out most, if not all, of a debtor’s debts. It also provides an injunction against creditors seeking to collect on those debts in the future.
Here are some of the things people do which result in loss of their discharge in bankruptcy:
Not only that, but a person’s discharge can be revoked under some circumstances if:
If you file a bankruptcy case, you must be honest and act properly. If you don’t, you could lose your discharge. Worse, you could be fined and even imprisoned in a criminal prosecution.
So remember, an honest debtor gets a fresh start. A dishonest debtor loses his discharge and faces criminal prosecution.