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 time taken for a nova to decay by 2 or 3 magnitudes from maximum optical brightness is used to classify a nova via its speed class. A fast nova will typically take less than 25 days to decay by 2 magnitudes and a slow nova will take over 80 days.