motion to lift the automatic stay: A
request by a creditor to allow the creditor to take action against
the debtor or the debtor’s property that would otherwise be
prohibited by the automatic stay.
no-asset case: A chapter 7 case where
there are no assets available to satisfy any portion of the
creditors’ unsecured claims.
nondischargeable debt: A debt that
cannot be eliminated in bankruptcy. Examples include a home
mortgage, debts for alimony or child support, certain taxes, debts
for most government funded or guaranteed educational loans or
benefit overpayments, debts arising from death or personal injury
caused by driving while intoxicated or under the influence of
drugs, and debts for restitution or a criminal fine included in a
sentence on the debtor’s conviction of a crime. Some debts, such
as debts for money or property obtained by false pretenses and
debts for fraud or defalcation while acting in a fiduciary
capacity may be declared nondischargeable only if a creditor
timely files and prevails in a nondischargeability action.