What Debts Can I Actually Get Rid Of In Bankruptcy?
This is one of the most commonly asked questions our attorneys get. The answer is, just about any unsecured debt is dischargeable in bankruptcy. This includes:
- Credit card debt
- Medical bills
- Utility bills
- Collection agency charges
- Personal loans from family, friends and employers (so long as they are not secured with collateral)
- Auto accident claims (unless the accident involved drunk driving)
- Business debts
- Past-due rent
- Certain income-based taxes and tax penalties
What Debts Can’t Be Discharged In Bankruptcy?
This tends to get a little more complicated, as there can be extenuating circumstances in some of these situations. Typically, the following debts are not dischargeable:
- Child support and alimony payments
- The majority of overdue taxes
- Any debt secured by collateral, like a loan for a house or a car (though these can be saved in Chapter 13 bankruptcy)
- Student loans (except for certain extreme circumstances)
- Some homeowners association fees
- Court fines and penalties, including criminal restitution
- Debts owed to government agencies
Our lawyers will sit down with you to discuss your situation and what we can and cannot do to discharge your debt through bankruptcy. We will answer all of your questions and are always completely honest with you about your circumstances and what may happen.
More importantly, Lefkovitz & Lefkovitz is the law firm people in Nashville and all over Middle Tennessee have turned to for more than 37 years to help them get out of their financial difficulties. We take the cases most other law firms turn away because we know how to find the right solution for your unique situation.
Let Us Help You Get Out Of Debt
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.