At Kain & Scott we get asked what the chances of getting denied a Chapter 7 discharge a lot and we completely understand this concern. But, let’s talk about what actually happens to the VAST majority of Minnesotans who file a Chapter 7 bankruptcy. The VAST majority get their discharge and have their debts wiped out,
1. You Can Get Denied If you File The WronG Type
The single most common reason someone can get denied a Chapter 7 discharge is because they filed a Chapter 7 bankruptcy but had the ability to file a Chapter 13 bankruptcy and make a payments back to the creditors. If you have the ability to make a payments back to your creditors you need to file a Chapter 13 bankruptcy, not Chapter 7.
2. Or If You Lie Or Do Not Cooperate
The second most common reason someone may get denied a Chapter 7 discharge is by lying on your schedules or at your hearing or fail to cooperate with the trustee. Getting a Chapter 7 discharge requires honesty from you and your cooperation in the administration of the estate. Failure to cooperate or be candid on your schedules and Chapter 7 case would be grounds for a denial or revocation of your discharge.
When the time is right, or when you are ready, reach out to Kain & Scott. You'll be glad you did. We are Minnesota’s only Bankruptcy Law Firm that HELPS you get rid of debt and offers you a FREE 90 Day Credit Repair Program.