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What debts will be Discharged in Bankruptcy

What debts will be Discharged in Bankruptcy

Submitted by • May 5, 2020 www.https

Most of your debts are dischargeable in a chapter 7 bankruptcy. That means after you received a formal discharge from the bankruptcy court you no longer owe anything on all debts that were discharged in the bankruptcy proceeding. However there are some debts that cannot be discharged in a bankruptcy. To understand whether filing bankruptcy is a good option and to know what chapter of the bankruptcy code (7 or 13) will bring you greater relief you need to understand the different types of debts.

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