Dischargeable and Non-Dischargeable Debts

Chapter 7 bankruptcy can provide a second chance for some people who are dealing with overwhelming debt. That being said, Chapter 7 is not for everyone and anyone considering filing for Chapter 7 relief should consult with a bankruptcy attorney about whether the kind of debt they are carrying makes them a good candidate for this form of bankruptcy. For instance, if a person has more non-dischargeable debt than dischargeable debt, it may not be in that person’s best interests to go through the Chapter 7 process.

If you are struggling under the weight of unmanageable debt, the Fayetteville Chapter 7 bankruptcy attorneys at the Bradford Law Offices, PLLC, can help you understand all of the options that are available for helping you gain a fresh financial start. Our attorneys understand just how important this process will be for your future, and we can help you make an informed decision about what will be best for you.

Knowing the Difference between Dischargeable and Non-Dischargeable Debts

To begin with, it is important for you to understand which of your debts may be discharged through Chapter 7 bankruptcy and which may not. Though the following list is not comprehensive by any means, all of the debts that follow can generally be discharged through Chapter 7 bankruptcy:

  • Credit card debt
  • Overdue utility bills
  • Personal loans
  • Medical bills

While dischargeable debts will no longer need to be paid after a person goes through the Chapter 7 bankruptcy process, certain types of debt are considered non-dischargeable, and will need to be paid once everything is said and done. Non-dischargeable debts generally include, but are not limited to, the following:

  • Student loan debt
  • Certain tax debts
  • Child support and alimony debt
  • Personal injury debts
  • Attorneys’ fees
  • Court fines

It will be important for you to know exactly which of your debts may and may not be discharged through a Chapter 7 filing if you are going to make an informed decision about what will be in your best interests. Our attorneys can help you get a better understanding of your debts before you move forward with a specific debt relief option.

Consult with a Chapter 7 Bankruptcy Attorney in Fayetteville

If you would like to learn more about dischargeable and non-dischargeable debts, or about the debt relief options that are available to you, the Fayetteville Chapter 7 bankruptcy attorneys at the Bradford Law Offices, PLLC, can help. To speak with one of our bankruptcy attorneys today, please call our offices at (919) 758-8879.