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What Debts Can Be Discharged In Bankruptcy?

In bankruptcy, certain debts are discharged, which means that the petitioner is no longer legally required to pay them. Other debts are not discharged and the petitioner remains legally responsible for paying them. The types of debts that are commonly discharged in bankruptcy include: Credit card debt Medical bills Personal loans Payday loans Deficiency judgments […]

What can really be discharged in bankruptcy? Will I lose all of my assets?

In our experience, there are two big misconceptions that people have about bankruptcy before they meet with an attorney to get accurate information. Firstly, people believe that all debt is eliminated in bankruptcy. Secondly, they believe that this comes at the price of losing all of their assets. Neither of these are entirely true. How […]