Transcript:
00:00:00
As long as someone completes their case, either a chapter 7 or chapter 13, and they receive uh what’s called the discharge from the court, which means that their case has been fully approved and completed, then yes, all credit card debt is discharged. Uh in chapter 7, uh that means that none of that credit card debt has to be paid back. it is just legally discharged or wiped out. Uh in chapter 13, in most situations, someone has had to pay little or nothing of that back as part of their uh court payment
00:00:41
plan. Uh it’s usually other things like house payments or car balance, things like that. Uh but uh sometimes uh higher income people have to pay some of that credit card debt back. But either way, uh, as long as you complete the case, uh, whatever was left, uh, is completely gone. So you walk out with all the credit card debt discharged.
This transcript was auto-populated.
