What debts are eligible for discharge through bankruptcy?
Most debts are subject to discharge in bankruptcy. The most common is credit card debt. Other debts include unsecured personal loans, past due bills (cell phones, utilities, etc.), and secured debt where the property is given back to the lender or lienholder. Certain debts are not dischargeable (no relief) under the Bankruptcy Code. These include child and marital support payments, student loans, damages based on a DUI, fraudulent behavior by a fiduciary, and certain taxes.
If you have further questions, contact the Henshaw Law Office today at (408) 599-1305.
Chapter 13 bankruptcy allows more debt to be discharged than a Chapter 7 bankruptcy. Debts that are dischargeable under Chapter 13 but not under Chapter 7 include debts for willful and malicious injury to property, debts incurred to pay non-dischargeable tax obligations and debts arising from property settlements in divorce or separation proceedings.
Related Questions
- I received a discharge in a Chapter 7 Bankruptcy, but some debts that could not be discharged remain. Can filing a Chapter 13 help me with these debts?
- Are there additional benefits of filing bankruptcy, in addition to discharge of certain kinds of debts?
- What does a discharge of debts under bankruptcy mean?
