Making A Fresh Start: What To Know About Non-Dischargable Debts When Filing Bankruptcy
If you are thinking about filing for chapter 7 bankruptcy in an effort to wipe your debt slate clean, you should know ahead of time that certain types of debt cannot be forgiven with a filing. You can expect most unsecured debt, such as credit cards and personal loans, to be discharged with a chapter 7 filing. Many people hold high credit card balances with large minimum payment requirements each month, and filing for bankruptcy can provide a great deal of debt relief when it comes to those particular oblications.