What types of debt can bankruptcy help get rid of?

Answer Most types of debt can be discharged through filing for bankruptcy. However, there are some types of debt that cannot be eliminated, even if you do file. These types include student loans (unless t... Read More »

Top Q&A For: What types of debt can bankruptcy help get rid of

In Chapter 7 Bankruptcy can you use the Homestead Federal Bankruptcy Exemption to keep your 120000paid off condominium with a lien against it for an 11000credit card debt in pa?

Your right that PA has no special homestead exemption for BK and you would rely on the Federal one.The lien (the Cr Card one), is essentially the same as a first position mortgage against the prope... Read More »

What type of bankruptcy wipes out all debt?

A Chapter 7 bankruptcy wipes out all debt that is included in the filing and discharged by the court. Certain debts can be kept out of the bankruptcy if, for example, an individual wants to avoid l... Read More »

What kind of debt can be discharged in bankruptcy?

There are advantages and disadvantages to both Chapter 7 and Chapter 13 bankruptcies. In general, Chapter 13 provides greater protection against creditors, but payments must be made. Chapter 7 allo... Read More »

What debt cannot be eliminated with bankruptcy?

Debts not discharged in a bankruptcy include criminal restitution, such as fines, and restitution to victims and death or injury lawsuits that occurred because of drunken driving. Lawsuits ordered ... Read More »