One of the primary goals of bankruptcy is obtaining a discharge of all of your dischargeable debts.  We have already discussed when the discharge order should be issued (i.e., approximately 120 days from the day you file bankruptcy).  A lot of people have asked us, “what do the bankruptcy discharge papers actually look like.”  It seems a little underwhelming, but the discharge order is actually just a few sentences and reads:

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Although it is very rare, it is possible to have your discharge revoked.  In order to have your discharge revoked, a complaint must be filed against you within a relatively short time frame and allege the existence of one of the following sets of circumstances:

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When you file for Chapter 7 bankruptcy everything you own is temporarily not yours.  Your property becomes part of the “bankruptcy estate” which means it is subject to the bankruptcy court’s authority.  While much of your property will be exempt, there are certain common categories of property which will be lost by filing bankruptcy.

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The answer to this question is as often as you like.  However, you cannot receive a Chapter 7 discharge if you have obtained a Chapter 7 discharge within the past eight (8) years. You calculate the time period from the date that you filed your last Chapter 7 petition.  The date that you actually received your Chapter 7 discharge has no bearing on the calculation.

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