Dischargeable and Non-Dischargeable Debt
At the end of your bankruptcy proceeding, you will receive a discharge of most, if not all, debts included in your initial bankruptcy petition. The discharge relieves you of any further personal responsibility for those debts. The majority of debts, such as credit card debt, personal loans, medical bills, utility bills, vehicle deficiency claims, and personal guarantees of business debt can be discharged through bankruptcy.
Before you file for bankruptcy, be sure that you understand the rules regarding dischargeable and non-dischargeable debts. An experienced bankruptcy attorney can perform a thorough evaluation of your case and let you know which ones you can and cannot include in your bankruptcy petition. If a debt is not dischargeable in Chapter 7, perhaps a Chapter 13 will provide you with relief.
Helping You Understand Your Rights
At the Collegeville, Pennsylvania, law firm of Nahrgang & Associates, P.C., we pride ourselves on the quality of service that we provide to every client. We take the time to help you understand the debts you can discharge through a bankruptcy proceeding and the ones you cannot. We take the time to present you with all available options and make our best recommendation for a sound debt relief solution.
While this is not a complete list, common debts that are not discharged in Chapter 7 bankruptcy include:
Income taxes due within three years before filing
Alimony, child support, and other payments ordered in a divorce
Debts based on fraud or malicious injury