In a Chapter 7, the biggest benefit to a typical debtor is that most unsecured debt is dischargeable. The discharge is granted only to individuals whose debt is primarily consumer debt. Once a debt is discharged in a bankruptcy it goes away forever and never has to be paid.
Dischargeable Debt: A Clean Slate
At the Law Office of Jacqueline Y. Blade, we help people resolve their debt problems and get a fresh financial start. We are an experienced divorce and debt-relief law office that can help. Our Ventura area Chapter 7 bankruptcy attorney will help you make an informed decision about bankruptcy, and explain the different types of bankruptcy, differences between them and whether you qualify. We can help you determine the best plan for your individual case in moving forward toward financial security.
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What Debts Can I Discharge?
Generally, almost all unsecured debt can be discharged under both Chapter 7 and Chapter 13 bankruptcy.
Unsecured debt includes:
- Credit card debt
- Medical bills
- Old income taxes
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Loans & judgments
Debts Dischargeable Under Chapter 13
Most debts are dischargeable in a Chapter 13 except unscheduled debts, old taxes in which no return was filed, family support obligations, student loans, criminal fines and drunk driving judgments.
What Debts Are Nondischargeable?
There are debts that cannot be discharged under bankruptcy law and are considered "nondischargeable debt." They generally include secured debt (mortgages) and also:
- Student loans
- Child support
- Debt incurred as a result of fraud
- Debt resulting from malicious or willful tort judgment
- Punitive damages
- Tax liability less than three years old
Even though mortgages are generally nondischargeable, junior liens can be stripped under Chapter 13 in certain situations. Also, under recent anti-deficiency law passed in California, there is still some protection available. Our bankruptcy attorney can explain how this law affects your particular situation.
Contact Our Westlake Village Credit Card Bankruptcy Lawyer
To learn more about discharging debt and how our Ventura area Chapter 7 bankruptcy filing lawyer can assist you in resolving your specific legal concern, please call us in California at 805-409-3790 or contact our Westlake Village law office online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
