Will all my debts be cleared if I file for chapter 7 bankruptcy? 16 Answers as of April 18, 2011

Will all my debts be cleared if I file for chapter 7 bankruptcy?

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Indianapolis Bankruptcy Law Office of Eric C. Lewis
Indianapolis Bankruptcy Law Office of Eric C. Lewis | Eric Lewis
Some debts are not dischargable in bankruptcy. You should seek local legal counsel for guidance.
Answer Applies to: Indiana
Replied: 4/18/2011
Janet A. Lawson Bankruptcy Attorney
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
"All" is a loaded question. Some debts will not be discharged; certain taxes, student loans, and support payments come to mind first. If You used your cards excessively just before you file, those creditors may object to you discharging those charges. For issues like like this it is always wise to consult with an attorney.
Answer Applies to: California
Replied: 4/15/2011
Benson Law Firm
Benson Law Firm | David Benson
Not all debts are dischargeable in bankruptcy. For example, unpaid child support, student loans and most taxes will remain collectible obligations post-bankruptcy despite a discharge order under Chapter 7. However, many nondischargeable debts may be included in a Chapter 13 payment plan to prevent collections lawsuits or tax foreclosures.
Answer Applies to: Ohio
Replied: 4/15/2011
Ferguson & Ferguson
Ferguson & Ferguson | Randy W. Ferguson
What debts are they and are they dishargeable? It also depends what chapter you file.
Answer Applies to: Alabama
Replied: 4/15/2011
Carballo Law Offices
Carballo Law Offices | Tony E. Carballo
There are debts that are not dischargeable in Chapter 7 bankruptcy. Fines, domestic support obligations (spousal and child support), student loans (with exceptions) and taxes that were due within the last three years are some of the debts that are not dischargeable. Generally all credit card debts and medical bills are dischargeable. Debts secured by property, such as the car loans, have to be paid or the property surrendered to the lender (given back).
Answer Applies to: California
Replied: 4/15/2011
    Ursula G. Barrios Law
    Ursula G. Barrios Law | Guillermo Machado
    Some debts can survive BK. Most consumer debts are dis-chargeable in BK.
    Answer Applies to: California
    Replied: 4/14/2011
    Bankruptcy Law Office of Robert Weed
    Bankruptcy Law Office of Robert Weed | Robert Weed
    Chapter 7 does not clear "discharge" child support, alimony, most taxes, criminal restitution, drunk driving, and a few other things. It won't discharge debts where you lied in writing on your credit application. And you need to keep up your car payment if you want to keep your car; and make the house payment if you want to keep the house. For ordinary medicals, repossessions, credit cards, and loans including payday loans Chapter 7 takes care of them for you.
    Answer Applies to: Virginia
    Replied: 4/14/2011
    Burnham & Associates
    Burnham & Associates | Stephanie K. Burnham
    Possibly. Debts owed to the IRS, student loans, alimony and child support are not dischargeable in Bankruptcy. Also debts that were incurred by fraud are not dischargeable.
    Answer Applies to: New Hampshire
    Replied: 4/15/2011
    Law Office of Asaph Abrams
    Law Office of Asaph Abrams | Asaph Abrams
    S. District of CA chapter 7's generally conclude with a general discharge (clearing) of debts in about 3 months. Certain debts, including but not limited to certain taxes, and student loans are not generally dischargeable. A local attorney can advise you accordingly.
    Answer Applies to: California
    Replied: 4/14/2011
    Law Office of Eric Ridley
    Law Office of Eric Ridley | Eric Ridley
    It depends on your circumstances and the types of debt. Some debt, such as child support and student loans, virtually never are discharged in Ch 7. Taxes may be, depending on a number of variables. You should post your question again with more details, or contact an attorney who can discuss your case in more detail with you.
    Answer Applies to: California
    Replied: 4/15/2011
    Financial Relief Law Center
    Financial Relief Law Center | Mark Alonso
    All unsecured debts are discharged with a Chapter 7 Bankruptcy.
    Answer Applies to: California
    Replied: 4/14/2011
    Law Office of L. Paul Zahn
    Law Office of L. Paul Zahn | Paul Zahn
    All dischargable debts that are listed will be eliminated. Some debts, such as educational loans and support payments, are not dischargable.
    Answer Applies to: California
    Replied: 4/14/2011
    Mercado & Hartung, PLLC
    Mercado & Hartung, PLLC | Christopher J. Mercado
    Debts that are dischargeable include but are not limited to personal loans, credit cards, health care bills, judgments, leases and tax penalties
    Answer Applies to: Washington
    Replied: 4/14/2011
    Greifendorff Law Offices, PC
    Greifendorff Law Offices, PC | Christine Wilton
    It depends on the nature of your debts. Generally, student loans and taxes are not discharged, with some exceptions. There are other debts that are not discharged and it is a good idea to consult with an attorney.
    Answer Applies to: California
    Replied: 11/18/2010
    The Law Office of Mark J. Markus
    The Law Office of Mark J. Markus | Mark Markus
    Only debts which are dischargeable will be "cleared". Certain debts under 11 USC 523 are specifically excluded from discharge. This is too long a list to post here, but it includes, for example, income taxes owed for tax years within the past 3 years, domestic support obligations, debts incurred by fraud, student loans, and others. Some of these require an affirmative objection to be filed by the creditor; others do not. You need to consult with a qualified bankruptcy attorney regarding the specifics of your situation.
    Answer Applies to: California
    Replied: 11/16/2010
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