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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

Whether or not you file for bankruptcy also depends on the kind of debt you have. Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. What does each one mean?

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The key advantages of Chapter 7 bankruptcy

Roths Child Law

However, it is important to note that student loans and child support are generally not discharged through Chapter 7. Unlike Chapter 13 bankruptcy, Chapter 7 places no limit on the amount of debt you can have in order to file. No limit to debts covered.

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The key advantages of Chapter 7 bankruptcy

Roths Child Law

However, it is important to note that student loans and child support are generally not discharged through Chapter 7. Unlike Chapter 13 bankruptcy, Chapter 7 places no limit on the amount of debt you can have in order to file. No limit to debts covered.