Lefkovitz & Lefkovitz
Nashville Office 615-686-2279 Cookeville Office 931-400-2218
Serving all of Middle Tennessee's Bankruptcy Needs

Will all my debts be discharged through Chapter 7 bankruptcy?

There are millions of people across the U.S. who are struggling with debt. In some cases, the debt stems from spending beyond financial means, but for many people in Tennessee, the debt stems from extraordinary -- and unexpected -- expenses.

For example, people get divorced, have to get medical care, struggle to find work after graduating college or lose their jobs. Oftentimes, there is more than one source of debt and that can be overwhelming. When debt becomes unmanageable, it can be a good idea to explore filing for bankruptcy protection. However, it is important to note that all sources of debt may not be discharged.

The way debt is handled through bankruptcy depends on which type of bankruptcy a person files. Should a person file Chapter 7, many types of debt will be discharged. This means that a person will no longer be responsible for paying back this money and creditors will need to stop contact that person about repayment.

However, there are sources of debt that are generally not dischargeable through Chapter 7 bankruptcy. For example, a person will still be required to pay:

  • Child support
  • Alimony
  • Unreported debts
  • Student loans (in many cases)
  • Personal injury damages
  • Taxes

These and other sources of debt will typically remain the financial obligations of the person in debt even after filing bankruptcy. However, it is important to keep in mind that it can be much easier to keep up with these payments and repay these debts when other sources of debt are discharged.

Chapter 7 bankruptcy is a serious solution for a serious problem, and it is not one that should be pursued lightly. Any person who is buried under increasing debt and penalties can discuss their situation with an attorney familiar with debt relief options, including bankruptcy. There is another side to debt, and getting help to reach that other side can be a great sense of relief for any person who is struggling financially.

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Nashville Office
618 Church Street, Suite 410
Nashville, TN 37219

Phone: 615-686-2279
Fax: 615-255-4516
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312 East Broad Street, Suite A
Cookeville, TN 38501

Phone: 931-400-2218
Fax: 931-526-6244
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