What kinds of debt can bankruptcy eliminate?
ribankruptcy • July 6, 2009
A Rhode Island bankruptcy filing can be used to get rid of many types of debt. Filing under Chapter 7 may allow many types of debts to be wiped out completely:
- credit card debt
- electric, gas, water, and other utility bills
- medical, dental, and vision bills
- personal and unsecured bank loans
- automobile loan obligations remaining on a repossessed vehicle
- mortgage loan obligations remaining on a foreclosed home
Any child support obligations, recent taxes, and student loans are generally not eligible for discharge. But in some cases, even student loans can be eliminated in a bankruptcy if it can be shown that these debts create an unreasonable hardship for you.
Partnering with an expert and dedicated bankruptcy lawyer gives you complete peace of mind and clarity. Read on for more information.
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