Remove Asset liquidation Remove Debt settlement Remove Personal loans
article thumbnail

What Debts Can Bankruptcy Eliminate: Examples of Unsecured Debt

Debt Free Colorado

Chapter 13 creates a 3-5 year payment plan that lets you keep assets, but you need steady income and must owe less than $465,275 in unsecured debt. Credit cards, medical bills, and personal loans make up most unsecured debt that bankruptcy can eliminate. Late utility bills also count as unsecured debt.