We are asked many times by clients which debts will be discharged through a Chapter 7 bankruptcy. Typically, all unsecured debt such as credit cards, medical bills, and utilities will always be dischargable. With secured debts such as mortgages, car loans, and home equity lines of credit, it is a little complicated and will be discussed in a later post. However, federal statute lays out certain debts that are not dischargable under a Chapter 7 bankruptcy, such as student loans, alimony and child support, some taxes, and criminal restitution. Contact one of our bankruptcy lawyers today to learn more about your specific situation and what debts may be discharged.
WCZ
http://www.westmontattorneys.com
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