This is a section of the United States Code that deals with bankruptcy proceedings. In Chapter 988, it specifically states that a Chapter 9 bankruptcy discharge is valid for every debt that was in existence on the date of the bankruptcy petition. The purpose of this section is to allow the debtor to keep the property of the debtor after the bankruptcy is finalized.
Of course, this is a very important issue, but it is also a very complicated issue. If the debtor has sufficient assets, then a Chapter 9 bankruptcy discharge can work for a lot of people, while it can also work for others. There are different types of creditors and of course a lot of people are going to want to be able to keep their assets.
At this point, most people who are filing Chapter 9 bankruptcies are doing it for a variety of reasons. Some are trying to get out of debt, some are trying to avoid a foreclosure, some are just trying to avoid other creditors. But what all of this really boils down to is that sometimes when a debtor is filing bankruptcy because he doesn’t have enough assets available for his creditors, that means that he hasn’t paid his debts to those creditors in a timely manner.
Sometimes that means that he doesnt have enough assets to pay his debts to his creditors. So basically, you have a debtor who files for bankruptcy because he doesnt have enough assets, and the reason for that is he has not paid his debts on time. Thats when the courts will look at what he should do with his assets.
You have a bankruptcy case and you want to show your creditors that you need to pay their debts and that you can’t simply stay on the debt for a while and then pay them back. You want to make sure that the bankruptcy court doesn’t do something that you’d like to do. That’s where you can get away with it.
In section 988 of the bankruptcy code, a debtor can choose to have his debts discharged or not. If your debts are owed and not dischargeable, then you might be able to avoid a bankruptcy. But if you are in a bankruptcy and you owe money to someone, the judge will try to find a way to be rid of you for sure. Section 988 of the bankruptcy code lets you discharge debts that are owed to you and not dischargeable.
You might be able to discharge debts owed to you, but you might not be able to discharge debts not owed to you. This is because section 988 states that if you owe someone money and you are not able to collect your debt, you can have your debt waived if there is no way to collect it within 60 days. So if you owe someone money and you do not have any way to collect it within 60 days, then you can have your debts waived.
Theoretically, you could waive debts owed to you if there is no way to collect it within 60 days, but that really just means that if it is owed to you that is.
As you can imagine, this has some implications when it comes to divorce. If you have an unpaid debt and you are not able to collect within 60 days, you will receive a “stay in court” letter from a bankruptcy judge. This is because if you don’t pay the debt, then you may not be able to live in your home.
But at the same time, if you have a debt that is due within 60 days, you can make a motion to waive it. This will be referred to court as your “debt waiver” and will be valid for 60 days. This has some implications related to divorce because if you dont pay the debt, then you may not be able to live in your home.