What Debts Are Not Dischargeable in Bankruptcy?
What Debts are not Dischargeable in Bankruptcy? What debts are not dischargeable in bankruptcy? One common misconception among consumers is that you can discharge all debts and be 100 percent debt-free if you file for Chapter 7 bankruptcy. While you could discharge a vast majority of your debtors, the belief that you can remove 100…
What Can You Include in Chapter 7 Bankruptcy?
What can you include in Chapter 7 Bankruptcy? When you file for Chapter 7 bankruptcy, you can discharge numerous debts, but not every single one. Debts including child support, federal student loans, or past due taxes are excluded from this discharge. Furthermore, some assets might require liquidation before you can proceed to the debt discharge…
Filing Chapter 7? You Might Still Have to Pay toward Some of Your Debts
Filing Chapter 7? It is a common misconception that everything you owe is erased upon completion of a Chapter 7 bankruptcy. While many of your debts discharge, some debts do not go away – and failing to pay on those debts could result in further collection efforts. If you are considering Chapter 7 as your…