This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
When filing for bankruptcy, you can discharge certain types of personalloans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personalloans you can discharge and which filing method suits your financial situation.
What other debts do I owe? There are other options including credit counseling, creating a debt management plan, and taking out a debtconsolidationloan. Do I Need a Lawyer to File for Bankruptcy? Are There Lawyers Who Can Help with Bankruptcy? Has my credit score gone down? The answer is yes.
Recognize the types of debts that are dischargeable under Chapter 13. Secured DebtsConsolidated or Eliminated. A mortgage or car loan secures the lender’s interest in your house. Even if you have been discharged, unpaid debts may result in foreclosure or repossession. medical debt . credit card debt
If there isn’t enough money left in the estate to cover those revolving debts, they’re usually simply written off. Student LoanDebt. Federal student loans and PLUS loans get discharged if borrowers pass away. If there are no cosigners, student loandebt must be paid by the decedent’s estate—sometimes immediately.
It’s typically a good idea to consult an experienced bankruptcy lawyer before you file a bankruptcy petition. Definitely talk to your bankruptcy lawyer about which property you want to keep and whether it’s possible. Do you have your own business and need to include business debts in your bankruptcy?
If you qualify for Chapter 7 bankruptcy, our attorneys can guide you through the process of eliminating unsecured debts, such as credit card balances, medical expenses, and personalloans, within a matter of months. Bankruptcy legal fees are an investment in finally resolving your debt for good.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content