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BANKRUPTCY
IS ABOUT GETTING A FRESH START
Contact us to discuss your rights and whether filing bankruptcy is
appropriate for you.
Chapter 7 Bankruptcy
A primary purpose of bankruptcy is to discharge certain debts to
give an individual debtor a "fresh start."
The bankruptcy discharge has the effect of
extinguishing the debtor's personal liability on
dischargeable debts.
At
the end of the bankruptcy process, most of your
debts are wiped out, or discharged by the Court.
Types
of debts that are typically dischargeable:
·
Credit
Card Bills
·
Medical
Bills
·
Certain
Judgments
·
Insufficient
Funds Checks
·
Eviction
or Broken Lease Debt
·
Past
Due Utilities
·
Some
Taxes
Types
of debts that are not typically dischargeable:
·
Student
Loans
·
Judgments
from Personal Injury caused by Drunk Driving
·
Debt
incurred under False Pretenses
·
Some
Taxes
·
Liens
or mortgages on property
·
Child
support payments
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a repayment plan
that protects the debtor from collection action
during the plan and any unpaid balance of
dischargeable debts at the end of the plan. The
discharge in Chapter 13 covers many debts that
cannot be discharged in Chapter 7. It is
a powerful tool for debtors to regain control of
their financial lives and to get a meaningful fresh
start. Click
Here to contact us.
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