Definition of Debt Discharge
Debt discharge is the ultimate goal of the bankruptcy process. The Chapter 7 discharge and the Chapter 13 discharge are different primarily in terms of what precedes them. While discharge in Chapter 7 is much more immediate, discharge in Chapter 13 comes only after the completion of a repayment plan. In the end, though, both involve the elimination of your debt.
Debt discharge is what you need to get you out from between a rock and a hard place, which is what overwhelming debt can often feel like. At Rothschild & Ausbrooks, PLLC, our lawyers have more than three decades of experience helping people just like you in Nashville and throughout Tennessee. We know how to guide you toward debt discharge.
What Debt Can You Discharge?
It probably feels good to know that you can discharge your debt. Of course, you also want to make certain you can discharge all of your debt. Our attorneys will carefully review your case. We will talk to you about the different types of debt. If there are any that will not be discharged during the bankruptcy process, we will talk to you about how the discharge of all other debts will make it easier to pay off those that are not discharged.
What Debt Do You Want to Keep?
This may seem strange, but in some cases, you may not want to discharge all of your debt. If you want to keep your car, for example, you will have to continue making your car payments. The same is true with your house. The fact of the matter is that every bankruptcy case is different, every debt discharge is different, and our attorneys know how to make certain that your case is handled according to your specific needs.
Contact Us for a Free Bankruptcy Consultation
Please contact Rothschild & Ausbrooks, PLLC, today to get an answer to the question, "What is debt discharge?"
