Your bankruptcy discharge is the official court order, stating you do not have personal liability on the dischargeable debts anymore. The bankruptcy discharge is the end goal of bankruptcy. Since the discharge is the end goal in most cases, a lot of potential clients wonder what would cause a discharge to not go through.
Although receiving a bankruptcy discharge can never be guaranteed, bankruptcy discharges are rarely not granted and if they are not, based on how you could lose a discharge (more on this below), you likely will know if you are at risk before or during your case.
So, what would make a discharge not go through? Typically, some sort of fraud or hindrance you have caused to your creditors or the bankruptcy estate. Examples are, lying during your 341 hearing, failing to disclose all assets or other information on your bankruptcy schedules, having too much disposable income for a Chapter 7, and not complying with a court order, cooperating with the trustee, or surrendering information or assets.
If you are telling the truth, not hiding anything and cooperating, you should have nothing to worry about and you should receive your bankruptcy discharge.
Now, if you accidentally forget to list an asset or there is a small inadvertent mistake on your case, let your attorney know right away. Most times, this does not cause concern for your discharge, as it was a mistake and it would be disclosed as soon as you find out about it.
Losing a bankruptcy discharge takes a major act, the average bankruptcy debtor has nothing to worry about and should receive their discharge as expected.
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If you have questions about bankruptcy and would like to do a free consultation to go over your options, visit www.lifebacklaw.com to speak with an attorney. You will be glad you did!
