Yes and no. The bankruptcy discharge is personal, which means that it “wipes out” your obligation to pay the debt (except non-dischargeable debts). But if someone else owes on the debt, then the creditor can still collect from that other person. In that sense, the debt still exists even after the bankruptcy filing. However, if you are the only person obligated on the debt and you receive a discharge, the debt is effectively wiped out (it technically still exists, but the creditor cannot collect on it).


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