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)
Tax debt (if old enough under several factors)
Co-signed and joint debts
Pay day loan debt