Corporate Debt Bankruptcy Rejection

Summary

In personal bankruptcy, corporate debts can be rejected if not enforceable against the individual. Reasons include lack of personal guarantee or legal responsibility. Not all debts are dischargeable; common exceptions include taxes, student loans, and child support. Consulting a bankruptcy attorney in New Jersey is recommended for specific guidance.

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The debt is not legally enforceable against the individual.
In a personal bankruptcy case, if the debt is not legally enforceable against the individual, it can indeed be grounds for rejecting a proof of claim. Here are some reasons:
- The debt is solely in the name of the corporation and not the individual.
- There is no personal guarantee signed by the individual.
- New Jersey laws or prior agreements do not hold the individual responsible.
If you need further assistance or wish to connect with local lawyers, please let me know!
discharge?
In personal bankruptcy, a discharge releases the debtor from personal liability for certain debts, meaning they are no longer legally required to pay them. However, not all debts can be discharged. If you want more detailed information about discharges or need help finding a local attorney, just let me know!
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In personal bankruptcy, a discharge releases you from personal liability for specific debts, but not all debts may be discharged. Common non-dischargeable debts include certain taxes, student loans, and child support. If you need specific guidance on how this applies to your case, consulting a bankruptcy attorney in New Jersey is advisable. Let me know if you have more questions!