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What is a Debt Discharge?

April 26, 2017debt Discharge

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What is a Debt Discharge?

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Under Chapter 7 bankruptcy, a debt discharge eliminates debt. That’s right-the Chapter 7 debt discharge releases a debtor from personal liability for his or her debts. That means that the debtor never has to pay those debts off. There are requirements to who may be eligible to file Chapter 7 bankruptcy. A bankruptcy lawyer may be able to help you decide if you qualify for Chapter 7 bankruptcy and if it’s the right debt solution for you. For more information, visit Total Bankruptcy’s Chapter 7 bankruptcy section.