Daily Archives: May 16, 2017

Bankruptcy Chapter 7 Discharge

In Chapter 7 Bankruptcy the Discharge is governed by Bankruptcy Code Section 11 USC 727.  Any debtor who files Chapter 7 Bankruptcy is eligible for the Chapter 7 Bankruptcy Discharge provided the debtor meets certain qualifications, and follows the required procedures in the Chapter 7 Bankruptcy. A Corporation is not eligible for Discharge in Chapter 7 Bankruptcy.  However, there are some advantages for a Corporation in filing Chapter 7 Bankruptcy. Besides a Corporation, an Individual may file Chapter 7 Bankruptcy.  An Individual is eligible for Read More +