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.
Artist's conception of a white dwarf accreting hydrogen from a larger companion. A nova (plural novae or novas) is a cataclysmic nuclear explosion on a white dwarf, which causes a sudden brightening of the star.Novae are not to be confused with other brightening phenomena such as supernovae or luminous red novae.he recurrence interval for a nova is less dependent on the white dwarf's accretion rate than on its mass; with their powerful gravity, massive white dwarfs require less accretion to fuel an outburst than lower-mass ones.