Chapter 7 Bankruptcy - Debra E. Paris Law - Serving North Georgia since 1996

Chapter 7

CHAPTER 7 BANKRUPTCY (Discharge of Debt)

Chapter 7 Bankruptcy affords you the ability to start fresh and wipe the slate clean because most or all of your debt can be discharged. When a debt is discharged, you are no longer legally responsible for paying that debt. Each individual or business wanting to file bankruptcy must meet certain criteria before the court will allow you to proceed.

WHAT DEBT CAN BE DISCHARGED?

Generally speaking most unsecured debt, such as credit card bills and medical bills, can be discharged through a Chapter 7 Bankruptcy. Student loans, taxes, and court ordered support (child support or alimony) are some of the most common debts that may not be dischargeable. Mortgages, car loans and other secured debt can only be discharged if you return the collateral property to the lender. If you decide to keep the property, you will have to continue paying on the debt.

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