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.
illuviation (ÉªËluËvÉªËeÉªÊÉn). 1  the process by which a material (illuvium), which includes colloids and mineral salts, is washed down from one layer of soil to a lower layer. Trends. 2  the process by which a material (illuvium), which includes colloids and mineral salts, is washed down from one layer of soil to a lower layer.