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Yes. Whether a debt has been sent to collection or has been sold to a third party does not change the nature of the debt. If it was a dischargeable debt to begin with, it remains a dischargeable debt.

Yes, but you must be able to cure the default. This usually means catching up on your missed loan payments. Relief from foreclosures and repossessions is not permanent. The protection will end no later than discharge, and often sooner, if the creditor asks for court permission in a Chapter 7 case in which you cannot satisfy the requirements to bring the debt out of default. In a Chapter 13 case, the plan must provide the lien holders what they must be paid under bankruptcy law. If that sum is not affordable, then the case will fail; resulting in loss of the collateral securing the unaffordable debt.

Yes, in a Chapter 7 case, assuming the lender finds you creditworthy. Quite honestly, a number of creditors will not give credit to someone who has filed a bankruptcy case. On the other hand, a number of creditors are quite willing to give you credit the minute that you receive your discharge. Remember that a debtor in a Chapter 13 case in the Northern District of West Virginia, as well as most other districts, may not obtain credit without court approval until discharge.

If your business is a sole proprietorship, there is no difference between the business debts and assets and your personal debts and assets. If your business is not a sole proprietorship such as a corporation or LLC, it would not be in bankruptcy when you filed your personal bankruptcy, but it would be an asset of your personal bankruptcy estate. That means it could be subject to sale if you did not have enough exemption remaining to protect the value of the business.

In certain instances a bankruptcy case can be reopened, but except to bring a contempt proceeding against a creditor ignoring the discharge injunction, it is a rare occurrence. Most courts have moved away from the practice of reopening cases to add creditors as the debt is generally discharged anyway.