There are exceptions, of course, but generally this is the term for the ?relief? from collection proceedings a debtor receives by filing the bankruptcy with the bankruptcy clerk?s office. Secured creditors may retain some rights to seize property securing an underlying debt even after a discharge is granted. Live chat by Live Person No special software necessary Affects of Filing for bankruptcy | Under the new law, you have to reaffirm your car loan within 45 days after the "341 meeting. This may make credit less available and/or terms less favorable, although high debt can have the same effect. Trustee has become much more aggressive in recent times in pursuing (what the U. Prior to BAPCPA, the rule was six (6) years between chapter 7 filings.

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