The Bankruptcy Appellate Panels and Review of Bankruptcy Decisions

Bankruptcy Appellate Panels or "BAPs"

Dischargeable Debts

Dischargeable debts are those debts that can be discharged through bankruptcy proceedings. A debtor is no longer personally liable to pay for dischargeable debts after the bankruptcy proceedings are concluded.

The "Clean Slate" of Chapter 7 Bankruptcy

What is Chapter 7 bankruptcy?

Discharge of Indebtedness

Discharge of indebtedness is the process by which a Chapter 7 debtor eliminates a debt during bankruptcy proceedings. A creditor or lender cannot collect a debt that has been discharged.

Turnover to the Trustee

The Bankruptcy Code requires an entity in possession, custody, or control of property of the estate, including exempt property, to deliver that property to the trustee, unless the property is of inconsequential value to the estate.