Welcome to the on-line
February issue of the
Community Bankers' Advisor
. . . . . . .
. . . .
The Advisor is
prepared by attorneys at Olson & Burns, P.C. to provide information
pertaining to legal developments affecting the field of banking.
In order to accomplish this objective, we welcome any comments
our readers have regarding the content and format of this publication.
Please address your comments to:
Community Bankers' Advisor
c/o
Olson & Burns, P.C.
PO Box 1180
Minot, ND 58702-1180
email: Olson & Burns P.C.
The attorneys
at Olson & Burns represent a wide range of clients in the financial
and commercial areas. Our attorneys have expertise in banking
regulations, employment law, bank charter issues, bankruptcy,
commercial paper, real estate, probate, and UCC matters. |
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You are asking . . .
Q.
Can a judgment creditor collect on a pre-bankruptcy petition
judgment, which is against the debtor personally rather than
his property, after the debtor receives a discharge?
A.
Yes. Section 524(a)(1) of the Bankruptcy Code states that
a discharge has the effect of,
void[ing] any judgment at any time obtained, to the extent
that such judgment is a determination of the personal liability
of the debtor with respect to any debt discharged
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