Frequenlty Asked Questions
About Credit Discharging Unsecured Debt
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What types of debts can be discharged in bankruptcy?
Unsecured debt can be discharged in Chapter 7 bankruptcy or modified under Chapter 13. Secured debt cannot be completely eliminated, but it can often be modified or reduced, depending on the type and value of the secured assets. Tax debts can be eliminated or modified. Unsecured, or dischargeable debt, is any of the following:
Credit card debt
Divorce debt (properly utilized, Chapter 13 can sometimes be used to alter unpayable divorce decrees)
Foreclosure deficiencies
Tax debt (if old enough under several factors)
Medical debt
Gambling debt
Co-signed and joint debts
Repossession deficiencies
Pay day loan debt
Personal loans
Business debt
Personal guarantees
FAQ Topics
BANKRUPTCY
Bankruptcy: Chapter 7
Bankruptcy: Chapter 11
Bankruptcy: Chapter 13
Bankruptcy: Chapter 20
Divorce and Bankruptcy
FORECLOSURE
Foreclosure legal options
Mortgage Modification
Mortgage Payments
Second Mortgages
Divorce and Foreclosure
CREDIT CARD DEBT RELIEF
Discharging Unsecured Debt
Credit card debt consolidation
Improving Credit Score
Rebuilding Credit Score
COLLECTION ACTIONS AND JUDGMENTS
Debt Collection
Court Judgments
Wage Garnishments
Bank Levy and Bank Executions
Property Liens
OTHER