Can a debt, once discharged by the Bankruptcy Court, be revoked and the petitioner be compelled to repay all or a portion of the debt? It is a common concern among people who have had their debts discharged under Chapter 7 or Chapter 13 bankruptcy. After all, after so many years buried in deep debt, it may be difficult to believe that you are finally clear of creditors' collections actions.
The U.S. Bankruptcy Code provides for a discharge revocation only under three specific circumstances:
Fraud or deliberate contempt of Bankruptcy Code laws is the common factor in all three instances of a possible revocation of a discharge. In most cases, creditors will not have sufficient grounds to pursue a revocation if fraud cannot be proven, or if the amount of discharge is not sufficient to pursue a complaint.
Get straight answers to all of your bankruptcy questions. Call an experienced Florida bankruptcy attorney at The Golden Law Group. We are ready to answer all of your questions about bankruptcy, debt relief and illegal collections practices.
From three convenient office locations, we represent individuals, families and business owners in bankruptcy matters in Bradenton, Brandon, Sarasota, and communities throughout the Florida Gulf Coast region. If you are over your head in debt and don't know where to turn for relief, turn to us. Contact us today for a free, no-obligation consultation.