In most cases, you can get rid of credit card debt in Chapter 7 bankruptcy. Learn what happens to your credit card debt in Chapter 13 bankruptcy. If you take out a cash advance prior to bankruptcy, you might not be able to discharge the debt. Learn more.
A novation is a trilateral agreement by which an existing contract is extinguished and a new contract brought into being in its place. Indeed, for an agreement to effect a valid novation the appropriate consideration is the discharge of the original debt in return for a promise to perform some obligation.
what does post tax mean? If you earn the money, pay income tax on it, and then deposit it into some type of account, or buy an investment with it, you have used after-tax dollars. novated leasing and pre tax dollars A Novated Lease is a financial agreement between you, your employer and the finance company used to finance the car purchase.