Q What Debts Will a Chapter 7 Bankruptcy Help Me Wipe Out?
A Chapter 7 bankruptcy relieves debtors from almost all debts. Those debts can include:
- credit cards
- medical bills
- personal loans
- gambling and casino debts
- mortgages you can't pay (if you're not trying to keep the house)
- car payments (if you're not trying to keep the car)
Student loans usually can't be discharged through bankruptcy; nor can alimony and child support, court-ordered fees and fines, and certain tax debts. If you can't pay your mortgage or car payment, but would like to keep those assets, Chapter 13 bankruptcy may be a better option for you than Chapter 7 bankruptcy.
Chapter 7 can also help put an end to creditor harassment, wage garnishment, lawsuits and foreclosure.
To be eligible to file for Chapter 7 bankruptcy you must first pass a means test. If you make more than the state median income you may need to file for Chapter 13 bankruptcy instead. You'll also have to get some simple credit counseling, which our office can help you with when you come to see us.
Castle Law Office has been handling bankruptcies for Kansas City clients from more than 14 years. If you need the fresh start bankruptcy can provide, call us today at 816-842-6200 to speak with an attorney. Or click here to email us and schedule your free consultation.