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Bankruptcy

: Bankruptcy Law Network

What?s a ?claim? in bankruptcy? ? One of a continuing series

By David Leibowitz, Illinois and Wisconsin Bankruptcy

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The point of bankruptcy is to get out of debt.  You get out of debt by getting a “discharge” in bankruptcy.  What’s the point of getting a discharge?  Well, if you get a discharge in bankruptcy, you are no longer liable to pay any creditor on account of a “dischargeable claim.” Sounds like we are going around [...]

Full post as published by Bankruptcy Law Network on December 09, 2009 (boomark / email).

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