What Types of Debt Can Be Discharged via Chapter 7 Bankruptcy?

What Types of Debt Can Be Discharged via Chapter 7 Bankruptcy?

What Types of Debt Can Be Discharged via Chapter 7 Bankruptcy?

As Americans, most of us live with some type of debt. Whether it be from student loans, medical bills, car payments, mortgages, credit card debt, or personal loans. It has become very easy to live beyond our means, and accumulate an overwhelming amount of debt.

Recognizing this, the State and Federal legal systems have provided Bankruptcy as a legal debt relief tool. For those who have fallen on hard times and are in desperate need of relief filing Chapter 7 could very well provide the you with a fresh financial start. Many unsecured loans and consumer debts can be wiped away forever through a Chapter 7 proceeding. Debts such as

·     credit card debt

·     medical bills

·    personal loans and other unsecured debt

·    unpaid utilities

·    phone bills

·    your personal liability on secured debts, like car loans (if there’s no reaffirmation agreement)

·   deficiency balances after a repossession or foreclosure

·   judgments from unpaid credit card debt, medical bills, or other unsecured debt.


These dischargeable debts are wiped out automatically when the discharge is entered. 

Should you ever find yourself wondering if it is What types of debt can be debt can be discharged via Chapter 7 Bankruptcy. We would advise speaking with an experienced attorney before making any decisions or filing anything with the courts. Should you choose to speak with us, our consultations are always free. You can contact us by filling out the form below. Or we can always be reached via call or text at 720-515-9887

You have questions. 

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Devon Barclay, PC

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