Dischargeable and Non-dischargeable Debts in Bankruptcy
There are many different circumstances that can lead an individual to struggle financially. Job losses, medical bills, and divorce are just a few significant triggers. It is important that you understand, however, that if your once-manageable debt load has become excessive and you are falling behind on your obligations, you do not have to continue to endure this stress. A successful Chapter 7 bankruptcy filing can help you to get your finances back in order and to start fresh.
The bankruptcy process can seem to be very complicated and intimidating for a debtor who has never been through it before. For the legal counsel, assistance, and representation you need, contact an experienced New Orleans Chapter 7 bankruptcy attorney of the Law Office of David D. Kervin, Jr., LLC, at 504-599-5906 to learn more about dischargeable and non-dischargeable debts.
Which Debts are Dischargeable or Non-dischargeable?
Under a successful Chapter 7 bankruptcy filing, some debts may be discharged, meaning that they will be forgiven and considered to have been satisfied. There are many different kinds of debts that a person could acquire and the bankruptcy court considers each of them differently. Unfortunately, some debts cannot be discharged during bankruptcy. These include:
- Tax liens
- Student loans
- Child support payments
- DWI judgment debts
- Unscheduled debts
Debts which may be dischargeable include the following, among many others:
- Business debts
- Car accident claims
- Leases
- Personal loans
- Credit card balances
- Negligence claims
Contact Us
If you or someone you love is deep in debt and is need of help, contact the New Orleans bankruptcy attorneys of the Law Office of David D. Kervin, Jr., LLC, at 504-599-5906, today. Our legal team is experienced in helping those in a financial crisis get back on their feet and towards a more stable future.