non dischargeable — A debt that cannot be eliminated in bankruptcy. Non dischargeable debts remain legally enforceable despite the bankruptcy discharge. The Code s list of non dischargeable debts is found at 11 U.S.C. 523. The scope of the discharge in Chapter 13… … Glossary of Bankruptcy
debt — n [Old French dette, ultimately from Latin debita, plural of debitum debt, from neuter of debitus, past participle of debere to owe] 1: something owed: as a: a specific sum of money or a performance due another esp. by agreement (as a loan… … Law dictionary
nondischargeable debt — a debt that cannot be eliminated in bankruptcy (Glossary of Common Bankruptcy Terms) A debt that is excluded from the Debtor s discharge on one or more of the grounds enumerated in the Bankruptcy Code. See 11 U.S.C. § 523 (SA Bankruptcy.com)… … Glossary of Bankruptcy
discharge — An order from the Bankruptcy Court releasing the debtor from any and all dischargeable debts which arose prior to the petition date (SA Bankruptcy.com) The legal elimination of debt through a bankruptcy case. When a debt is discharged, it is no… … Glossary of Bankruptcy
Bankruptcy in the United States — The United States Constitution (Article 1, Section 8, Clause 4) authorizes Congress to enact uniform Laws on the subject of Bankruptcies throughout the United States. Congress has exercised this authority several times since 1801, most recently… … Wikipedia
Bankruptcy Abuse Prevention and Consumer Protection Act (US) — Bankruptcy Abuse Prevention and Consumer Protection Act Full title An Act to amend title 11 of the United States Code, and for other purposes. Acronym BAPCPA Colloquial name(s) Bankruptcy Reform Enacted by the … Wikipedia
Chapter 13 — bankruptcy proceedings for an individual with the intention of rescheduling the individual s debt (rather than liquidating the individual s assets and debt; an individual files under Chapter 7 to liquidate), Chapter 13 is referred to as… … Glossary of Bankruptcy
Student loans in the United States — While included in the term financial aid higher education loans differ from scholarships and grants in that they must be paid back. They come in several varieties in the United States:*Federal student loans made to students directly: No payments… … Wikipedia
Chapter 7, Title 11, United States Code — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court … Wikipedia
Negative equity — occurs when the value of an asset used to secure a loan is less than the outstanding balance on the loan.[1] In the United States, assets (particularly real estate, whose loans are mortgages) with negative equity are often referred to as being… … Wikipedia
