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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

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. Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits.

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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.