MenuThe bankruptcy discharge is a central concern to most debtors and to many creditors. Without going into the details, the discharge serves to wipe out personal liability on a substantial portion of debts. For most chapter 7 debtors, obtaining a discharge is a primary reason they filed, as it is the instrument of their fresh start. The chapter 13 discharge is similarly important, as is the reward obtained for completing a chapter 13 plan.
Luxury Goods
Luxury goods are non-essential items of property. What exactly is a luxury item may be different from person-to-person based on the context of the item. In bankruptcy, purchases of luxury goods on credit within 90 days of filing may result in a nondischargable debt for those items that survives bankruptcy.
