According to experts, only one in ten people meet a $2500 annual deductible. This means most people on Bronze or Silver plans will end up paying for their generic Ursodiol 300 mg out of their own pocket.
Discharged Debt Definition. When your debt is discharged by a bankruptcy court, you are no longer legally required to repay the debt. When your debt as discharged, your creditors can no longer attempt to collect the money from you, either through legal action or by contacting you via phone, letters, in person or through collection agencies.
Chapter 7 is sometimes referred to as a straight bankruptcy.. A Chapter 7 bankruptcy liquidates your assets to pay off as much of your debt as possible. The cash from your assets is distributed to creditors like banks and credit card companies. Within four months, you will receive a notice of discharge. The record of your bankruptcy will stay on your credit report for ten years.