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Chemoreceptors. Receptors in the blood vessels, kidneys, brain, and heart that respond to changes in chemical composition of the blood to help maintain homeostasis. Study with Quizlet and memorize flashcards containing terms like Anatomy, Gross Anatomy, Microscopic Anatomy and more.
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- You Can Discharge Most Unsecured Debts in Chapter 7 Bankruptcy
- What Is An Unsecured Debt in Chapter 7 Bankruptcy?
- "Nondischargeable Debts" You Can't Wipe Out in Chapter 7 Bankruptcy
- When You Can Discharge Secured Debts in Chapter 7 Bankruptcy
- Need More info?
You can wipe out unsecured consumer debts like medical bills, utility bills, back rent, personal loans, some government benefit overpayments, and credit card charges. These unsecured debts are dischargeable in Chapter 7 bankruptcy. The key is that the debt is "unsecured' and isn't a debt you must pay under bankruptcy law, such as student loans, fin...
Unsecured debt is an obligation that isn't backed by collateral. For instance, the debt is unsecured if you didn't agree that the creditor could take the property purchased on credit when you entered the credit contract. By contrast, if you have a mortgage or car payment, you likely agreed that the creditor could attach a lien to the propertyand ta...
Not all unsecured debt is dischargeable, and it's simpler to list the debts that don't go away than it is to list the debts you can wipe out. Here's a list of debt types you should watch out for because you'll likely have to repay them after your bankruptcy case.
Any secured debt can always be discharged, but you won't be able to keep the property serving as collateral, such as your house or car. Why? Because the attached lien won't go away in bankruptcy. The creditor will still be able to take the property if the debt remains unpaid. For instance, you can discharge a mortgage or car loan, but you'll need t...
We want to help you find the answers you need. Go to AllLaw's Topic page for more easy-to-understand bankruptcy articles, or consider buying a self-help book like The New Bankruptcyby Attorney Cara O'Neill. We wholeheartedly encourage research and learning, but online articles can't address all bankruptcy issues or the facts of your case. The best ...
A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is organized or has its principal place of business or principal assets.
Oct 15, 2023 · Chapter 7 bankruptcy allows an individual or business to retain some property that is exempt under the law, but most assets are sold, or liquidated, to pay off creditors. Although many of an individual's unsecured debts will be cancelled after a Chapter 7 filing, some will remain.
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Sep 18, 2023 · Cancellation of debt happens when a creditor agrees to settle or cancel a debt for less than the amount owed. In most cases, canceled debt is considered taxable income if the amount...
