Full question:
I have a discharged ch. 7 3 1/2 years old, it contains a 'not satisfied ' judgement and a title co. wants to know the 'legality' because I do not want it on our title report of the house we are about to buy. Does this make sense ? I thought this debt was now uncollectible and should now be ignored ..
- Category: Bankruptcy
- Date:
- State: Washington
Answer:
We can't provide a legal opinion on the judgment's legality as assessed by a title company. However, we can share some legal information that may clarify the situation.
Generally, most debts are discharged in a Chapter 7 bankruptcy. However, certain debts may not be discharged and can still affect your title report. These include:
- Individual income taxes assessed within five years of filing (older taxes can be discharged).
- Federal income taxes if no return was filed or if a fraudulent return was submitted.
- Attorney fees related to child custody and support cases.
- Debts from false financial statements or fraud.
- Court fines and penalties, including criminal restitution.
- Alimony, maintenance, and child support arrears.
- Unscheduled debts (debts not listed in the bankruptcy petition).
- Luxury goods or services purchased on credit within sixty days of filing.
- Debts from DWI/DUI convictions.
- Damages from willful or malicious injury.
- Federally insured student loans (some hardship exceptions apply).
- Cash advances on credit cards within sixty days of bankruptcy.
- Debts arising from fraud or embezzlement.
- Home mortgages and certain purchase contracts.
- Homeowners association fees due after filing.
It's important to consult with a legal professional to understand how these factors may impact your specific situation and title report.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.