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Can bankruptcy discharge interest on legal penalties?

Updated: 8/17/2019
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15y ago

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Probably...understanding that many imposed are written so they become part of the penalty legally.

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15y ago
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Q: Can bankruptcy discharge interest on legal penalties?
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Can bankruptcy discharge legal fines or penalties?

No, it does not discharge legal fines and/or penalties.


Where can you find an unsecured installment loan after bankruptcy discharge legal in nc?

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What if the debt is incurred after the bankruptcy filing but before the bankruptcy discharge?

When an individual files for bankruptcy, he/she must list down all the creditors and debts that they have. If the bankruptcy has already been filed and the individual has incurred new debt but has not yet been discharged by bankruptcy, that new debt is not included in the bankruptcy discharge. For an official opinion, it is advised you seek legal counsel. It is really important to seek legal advice from the expert about filing for bankruptcy.


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What does a bankrupt discharge?

The chapter 7 discharge order eliminates a debtor's legal obligation to pay a debt that is discharged. Most, but not all, types of debts are discharged if the debt existed on the date the bankruptcy case was filed. (If this case was begun under a different chapter of the Bankruptcy Code and converted to chapter 7, the discharge applies to debts owed when the bankruptcy case was converted.) Some of the common types of debts which are not discharged in a chapter 7 bankruptcy case are: a. Debts for most taxes; b. Debts that are in the nature of alimony, maintenance, or support; c. Debts for most student loans; d. Debts for most fines, penalties, forfeitures, or criminal restitution obligations; e. Debts for personal injuries or death caused by the debtor's operation of a motor vehicle while intoxicated; f. Some debts which were not properly listed by the debtor; g. Debts that the bankruptcy court specifically has decided or will decide in this bankruptcy case are not discharged; j. Debts for which the debtor has given up the discharge protections by signing a reaffirmation agreement in compliance with the Bankruptcy Code requirements for reaffirmation of debts.


Can you file bankruptcy 3 times?

Currently, there are no limits to the amount of times you can file for bankruptcy or the time frame between each filing. However, if you file too soon you are less likely to be eligible for "discharge." It is suggested by most to wait at least seven years between each filing in order to qualify for discharge. For more information on bankruptcy you find it on our site: http://www.kohlawfirm.com/bankruptcy These materials do not, and are not intended to, constitute as legal advice.


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The person has a lien because they have a legal financial interest in the property. That makes 'protecting' the property very difficult without either purchasing their interest from them or having their interest removed through bankruptcy.


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Depends on where you live, but the penalties are similar to marijuana charges


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What do you think happens? The creditors have the money. They have to apply it to your debt balance, which will increase dramatically because they get to charge you for all the late fees, penalties and interest, not to mention any legal fees, that they could not add while you were in bankruptcy. I hope the dismissal was worth it.


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Unlikely, because no lender will give the person a mortgage. There is no legal barrier to buying real property if the person can get the funding.


Who is not at risk for legal penalties related to the use of illegal drugs?

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