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Dischargeable Debts and Non-dischargeable Debts When Filing CH 7 and CH 13 Bankruptcy

What Debts Can Be Discharged When Filing Bankruptcy?

Last Updated: May 10, 2016

Filing for bankruptcy offers a fresh start when you find yourself overwhelmed by your debts. People may turn to bankruptcy for no fault of their own and for many different reasons. Maybe you lost your job or a family member suffered a sudden catastrophic illness, which used up your life savings and then some. Sometimes bad decisions and not being responsible with spending caused you to become burdened with too much debt. Bankruptcy offers people a way to begin their life over again.

What Does it Mean to Discharge Your Debts?

The main focus of bankruptcy is to discharge you from your debts. Discharge means that your personal liability for a debt ends, and creditors can't make any further collection efforts. However, not all debts are eligible for discharge as we shall see in the following paragraphs were we will show you what you can and can not discharge in a bankruptcy.

Debts That Can Be Discharged in a Bankruptcy

The following is a list of debts that can generally be discharged in a bankruptcy:

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Chapter 7 Non-dischargeable Debts

In a Chapter 7 bankruptcy filing, the following debts cannot be discharged:

Chapter 13 Non-dischargeable Debts

In a Chapter 13 bankruptcy filing, the following debts cannot be discharged:

Filing bankruptcy should not be taken lightly and before you even start the process, it is a good idea to talk to an experienced bankruptcy attorney. Sometimes, there are other options available to you other than filing for bankruptcy. Don't forget, a bankruptcy will stay on your credit for 7 to 10 years so make sure to exhaust any and all other options before going down the BK road.

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