At Yanch Dey & Associates Ltd., our trustees are here to help you get through the bankruptcy process. That includes helping you obtain a discharge from your debts. Once you are discharged from bankruptcy, you will be released from the legal obligation to repay the debts you had from the date you filed for bankruptcy and you can then start rebuilding your financial life. Some debts; however, cannot be discharged. These include:
If this is your first bankruptcy and you are not required to make surplus income payments, you will be eligible for an automatic discharge from bankruptcy in nine months. If you have surplus income, your bankruptcy discharge will be extended to twenty-one months and you will be required to make payments from your surplus income throughout that time period.
Your discharge from bankruptcy will happen automatically if:
If you do not qualify for an automatic discharge, the trustee will ask the court to hear your application for discharge. Prior to your discharge hearing, the trustee will prepare a report. The report is used to inform all parties of the circumstances surrounding your bankruptcy. The report describes your financial situation and analyzes:
Call Yanch Dey & Associates Ltd. today and speak with a trustee about discharging your debts through a bankruptcy.