We are 2 years past our Chapter 7 discharge and mortgage was included in discharge NO REAFFIRMATION 2. We have stayed current on the mortgage but credit score shows chapter 7 for the mortgage and no activity on it since the discharge 3. We are now cosidering walking away from the house/mortgage 4.

Do you have to reaffirm a Chapter 7 discharge?

You are cleared of the debt (you no longer owe it) the instant you are discharged, provided you don’t reaffirm. (There is a catch to this, that some post-BK7 loan modifications actually wind up reaffirming the debt, but that’s a different post.)

What happens to the title when a BK is discharged?

This is why they don’t immediatly “take the house back” when your BK is discharged. So, once you fall behind after the BK, they can start the foreclosure process to clear the title. There will be a Notice of Default, Notice of Trustee sale, and eventually it will go to auction (again, NV law).

Can you file a chapter 13 bankruptcy if you have a discharge?

For a Chapter 13 bankruptcy, you are not eligible for a discharge if you received a discharge in another Chapter 13 case filed in the prior two years, or in a Chapter 7, Chapter 11 or Chapter 12 case filed in the prior four years. These rules can be difficult to understand.

When is Chapter 7 bankruptcy to be discharged?

Chapter 7 Discharged in 2021. Now what? – Upsolve Chapter 7 Discharged in 2021. Now what? 3 minute read • Upsolve is a nonprofit tool that helps you file bankruptcy for free.

Can a debtor object to a discharge in Chapter 7?

In chapter 7 cases, the debtor does not have an absolute right to a discharge. An objection to the debtor’s discharge may be filed by a creditor, by the trustee in the case, or by the U.S. trustee.

What should I keep with my Chapter 7 discharge letter?

First, make certain that you keep a full set of all of your bankruptcy documents, including the petition and schedules, the certificates of completion from your debtor education courses, any filed amendments, and, of course, your discharge letter.