Dischargeable & Non-Dischargeable Debts

Under Chapter 7 bankruptcy law, some debts are determined to be dischargeable and some are said to be non-dischargeable. In other words, certain types of debt can be cleared through bankruptcy, while others will remain.

There are a few categories of debt that fall in the middle ground and could go either way, but in most cases it is clear what is and what is not dischargeable. Chapter 7 bankruptcy is often a good option for many debtors because of the discharge protection that it affords.

The Austin bankruptcy lawyers of Slater, Kennon & Pugh Ltd.LLP are very familiar with the intricacies and complexities of the bankruptcy code. It can be quite confusing, and it is very helpful to have an experienced legal team on your side. For more information, call us at 512-338-1100.

Which Debts are Dischargeable?

For the most part, dischargeable debts include personal debts, credit cards, business loans, leases, and guaranties. In general, the significant debts that are not dischargeable are student loans, child support, and recent taxes. Some of the ones that could go either way are willful injuries, debts as a result of fraud, and the like.

A knowledgeable attorney can help you determine if bankruptcy is a good option to help you get out of financial trouble.

Contact Us

We try to make the bankruptcy process as smooth as possible for our clients. If you would like more information about dischargeable and non-dischargeable debts, please contact the Austin chapter 7 bankruptcy lawyer of Slater, Kennon & Pugh Ltd.LLP today by calling 512-338-1100.