What Is Dischargeable Debt?
Are you overloaded with credit card debt? Have medical bills or student loans caused you to lose too many nights of sleep? Are you falling behind on car and house payments? If you are considering bankruptcy, one of the first things you need to know is what debt you can discharge. Will you be able to get rid of all of your debt? Will some of it still remain?
At Rothschild & Ausbrooks, PLLC, our lawyers have more than three decades of experience helping people just like you. If you are overwhelmed by any type of debt, you can be confident in our ability to find a solution for you. Our services are available to people in Nashville and throughout Tennessee.
Unsecured or Secured Debt?
Most debt falls into two categories: unsecured debt and secured debt. Bankruptcy attacks these debts in different ways, depending on whether you file Chapter 13 or Chapter 7. For the most part, unsecured debt is the most susceptible to debt discharge. However, you can also attack secured debt through bankruptcy. Our attorneys will examine your mix of debts and provide you with guidance on what chapter of bankruptcy you should file and what debts you will be able to eliminate.
We will address all types of debt, including:
What About Debt That Is Not Discharged?
It is possible that you will not be able to discharge all of your debt through bankruptcy. For example, if you want to keep your car, you will have to keep your debt associated with that car. However, most people find that, by having most other debt eliminated, remaining debt becomes much easier to manage.
Contact Us for a Free Bankruptcy Consultation
Please contact Rothschild & Ausbrooks, PLLC, today to get an answer to the question, "What debt can you discharge?"
