Discharging Debts in Bankruptcy

When individuals are facing significant financial troubles that they feel may be impossible to overcome without assistance, they may decide to turn to bankruptcy to help them regain financial stability. Experienced bankruptcy attorneys may be able to help individuals negotiate fair terms in bankruptcy and may be able to get certain debts completely discharged.

Bankruptcy cases are unique in that every person’s financial situation is different. If you or someone you know is considering bankruptcy and would like more information, contact the Austin bankruptcy lawyer of Slater, Kennon & Pugh Ltd.LLP at 512-338-1100.

Revoking a Discharge

It is important that individuals who have debts discharged in bankruptcy realize that the order of discharge can be revoked at any time. Creditors or trustees can request that the court revoke the debtor’s discharge if they suspect fraudulent activity or failure to fully report all assets during the bankruptcy filing.

During bankruptcy cases, it is important for individuals to be forthcoming about all financial information, especially assets, bank statements, and debts. If an applicant is found to have withheld information, concealed assets, or illegally transferred property to another person, the entire case may be jeopardized. Debts that have been discharged are not completely removed from the record and the order of discharge can be revoked by the court if the case warrants it.

Contact Us

If you or someone you know is considering filing for bankruptcy, contact an experienced Austin bankruptcy lawyer of Slater, Kennon & Pugh Ltd.LLP at 512-338-1100 to discuss your financial situation.