negotiated settlement - Alternative term for out of court settlement.
new bankruptcy laws - The major intent of bankruptcy reform is to require people, who can afford to make some payments towards their debt, to make these payments, while still affording them the right to have the rest of their debt erased. These people must file Chapter 13.
non-dischargeable - A debt that cannot be eliminated in bankruptcy.
Non dischargeable debts remain legally enforceable despite the
bankruptcy discharge. The Code's list of non dischargeable debts
is found at 11 U.S.C. 523. The scope of the discharge in Chapter
13 differs from the discharge in Chapter 7.
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