Tips For Getting A Discharge In Bankruptcy

Loss of job, business failure and many other financial crises are such that they become difficult to bear and also requires a lot of effort and time to come out of it. Most of the times people succumb to such circumstances and have taken to bankruptcy.bankruptcy

Bankruptcy provision was basically designed to assist the people who were under difficult debt situation and had no ways to solve them. As a part of the bankruptcy process, individuals file a request petition with the bankruptcy court stating their current financial status and their inability to pay the debt to the creditors.

Debtor’s belongings are assessed and evaluated by the designated evaluators appointed by the bankruptcy court. The assets are used to repay the outstanding dues of some of the creditors. Bankruptcy offers a second chance to the individuals to restart their life. Debtors to get a chance to recover their debts by agreeing to the demands of the debtors because if their debts come under discharge they will not get anything.

A bankruptcy discharge means that the debtor is released from all of their debts on the basis of their financial situation. Once the discharge is announced, it follows a formal court communication to the creditors stating that the debtor has been freed from all the debts and they should no longer follow up with them for the clearance of the debts.

When a discharge happens, it primarily depends on the case of bankruptcy filed. Like in case of chapter 7 a discharge is granted by the judge when the term valid for filing a complaint against the discharge gets over; usually this process takes about 4 months. In case of other chapters like 11, 12, 13 the court grants the discharge as soon as the debtor pays all the dues under the plan, usually the discharge in this case happens after 4 years of filing the discharge since the payments to be made by the debtor span over a period of 3 to 5 years. This discharge can get cancelled in chapter 13 and 7 if the debtor fails to follow a set out course of financial management.


Unless there is litigation regarding the objection against the discharge the debtor will have no problem in getting one. After the discharge has been granted the a legal notice is sent to all the creditors and debtors citing that the debts have been discharged and that the creditors should no longer make efforts of collection otherwise they will be punished. In case the discharge gets suspended you should contact the office which is dealing with your bankruptcy. They can advise you ways that can help you get your discharge at .

The court that deals with your bankruptcy can also provide you with a certificate of discharge so that you’ll have a legal proof. You should wait at least for 2 weeks before the discharge date, before sending out a word to the court. And when you write to the court enclose all your latest residential details and names and other relevant information along with the letter so that the court will check with the official and give you your automatic discharge. This may take 4 weeks at the most. Discharge is usually automatic therefore you should ask the officials for confirmation. A discharge will be utmost take 12 months but if you need a discharge early you should write to the high court.

There is no automatic right to get a discharge from bankruptcy. A report is issued after 8 weeks of bankruptcy which is reviewed after three months by the officer if he finds that no further investigation is required, he can grant an early discharge as well. Before taking

Dilip Kumar

+Dilip Kumar (Author and Editor of The Tax Info) is a Chartered Accountant from Hyderabad, Loves Blogging on Tax related matter.

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One thought on “Tips For Getting A Discharge In Bankruptcy

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