Chapter 7 Debts
The most common debts that are dischargeable in Chapter 7 bankruptcy include:
- Credit card debt
- Repossession deficiencies on vehicle loans
- Medical bills
- Personal loans
- Judgments
- Auto accident claims
- Negligence claims
- Business debts
- Leases
- Guaranties
- Tax penalties over three years old
- Income taxes that are not priority taxes
Under the United States Bankruptcy Code, Congress has determined that certain types of debt are not dischargeable in Chapter 7 bankruptcy for public policy reasons, which means you must still repay these debts after bankruptcy. The following debts are usually not dischargeable:
- Child support and spousal support (alimony) obligations
- Government-backed student loans
- Debts incurred by fraud or intentional wrongdoing
- Criminal fines and restitution
Carol A. Lawson, Esq., 28870 U.S. Hwy 19 #300, Hodusa Towers, Clearwater, FL 33761
Phone: (727) 410-2705; email: [email protected]
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