Sentence examples for debt discharged from inspiring English sources
Credit card industry data indicate the average debt discharged in Chapter 7 bankruptcy has nearly tripled since 2004.
Public service and nonprofit workers may be eligible to have any remaining debt discharged after 10 years of payments.
A parent who co-signs a loan can't necessarily have the debt discharged even if his child dies.
While some, like Ms. Taylor, owe nothing, and some have had their debt discharged during bankruptcy, others are in arrears on payments, but hope to negotiate new payment schedules.
The prohibition extends only to discrimination or other action based solely on the basis of the bankruptcy, on the basis of insolvency before or during bankruptcy prior to a determination of discharge, or on the basis of nonpayment of a debt discharged in the bankruptcy case (the Perez situation).
Even better, with federal loans, she might have been eligible for income-based repayment, in which borrowers make up to 25 years of payments based on their income — payments of zero for those who are unemployed or earn very little — and have any remaining federal debt discharged.
The other set has had their debts discharged in bankruptcy, but the bank still holds a lien against their properties.
When you file for personal bankruptcy protection and have debts discharged by the court, your credit report is supposed to be updated to reflect that you no longer have to pay those bills.
If you've had other debts discharged, you may be exempt from paying taxes on the forgiven debt if you have declared bankruptcy or are insolvent (your total debts exceed assets), according to the I.R.S. 5. I.R.A. AND 401(K) WITHDRAWALS Taxpayers who tapped their I.R.A. (and did not repay it within 60 days) will owe income taxes.
In 2010, Joe had two debts discharged.
Thus, while you can have your mortgage, credit card, business or even your gambling debts discharged or restructured in Bankruptcy, student loan debt is with you until you pay it off or you die -- and sometimes beyond.
