Will Bankruptcy Wipe Out All Of My Debts?
Bankruptcy will wipe out most kinds of debts, depending on the type of bankruptcy you file. For example, bankruptcy will not wipe out:
- money owed for child support or alimony, fines, and some taxes.
- student loans owed to a school or government body, except if the court decides that payment would be an undue hardship (after an expensive trial).
- some debts not listed on your bankruptcy petition.
- mortgages and other liens which are not paid in the bankruptcy case, but bankruptcy will wipe out your obligation to pay any additional money if the property is taken by a creditor.
To learn more about the kinds of debts that cannot be discharged in a Chapter 7 bankruptcy, check the rest of the site or click here.
Confused? Don’t worry - one of the reasons you need to hire an experienced bankruptcy lawyer for your case is to be sure that you choose the right type of bankruptcy for your situation. All you need to do is contact me for a free, no-obligation consultation to talk about your problems and whether bankruptcy is right for you.
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Every client gets a survey at the end of their case because I want to do everything to improve your satisfaction. The survey results are right here for you to read.
