January 30, 2009
Chapter 7 Discharge is Granted!
Just received a letter, dated from last week, very brief. It just says:
It appearing that the debtor is entitled to a discharge.
IT IS ORDERED:
The debtor is granted a discharge under section 727 of title 11, United States Code, (the Bankruptcy Code).
But – we are not done yet. There may be months before this case is done. The Trustee needs to grab my 2008 Income Tax refund, and distribute whatever other assets of ours he has now to the creditors. My attorney says this could take six to nine months.
Also, this means that debtors cannot hassle us (they haven’t since filing anyway), and we don’t have to re-file under Chapter 13. I am still paying our first and second mortgages, and payments to our parents on car loans. We will be “reaffirming” those debts, so those debtors still keep getting payments, since these are secured debts.
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