What does it mean as the creditor when you receive notification that the “Order Approving Waiver of Discharge” was approved?
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What does it mean as the creditor when you receive notification that the “Order Approving Waiver of Discharge” was approved?
Under Chapter 7 for the debtor.
Asked on September 10, 2010 under Bankruptcy Law, Florida
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
People usually file for bankruptcy to discharge debts so it seems odd, correct, that a debtor would apply for a waiver that would prevent the discharge, doesn't it? But in fact, that is exactly what it is. In a Chapter 7 discharge, the debtor can, under certain conditions, apply to the court for a waiver of discharge. The debtor must write the waiver and apply to the court for same. A hearing is generally held and if approved, there is an order issued stopping the discharge of the debts. The trustee does continue with their duties like to liquidate the non-exempt assets, etc. As a creditor it means that the debt is still responsible for your debt and that it is not wiped out. Good luck.
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