What Debts Can Be Eliminated?
Chapter 7 bankruptcy can permanently eliminate most debts. A partial list of debts that can be eliminated includes:
- Credit Cards
- Bank loans
- Medical Bills
- Pay-Day Loans
- Old utility or phone bills
- Auto deficiencies (repossession)
Debts that Cannot be Eliminated
Debts that are owed to the government are usually not included. A partial list of these debts includes:
- Recent Personal Taxes (but in certain cases old taxes are dischargeable)
- Child Support & Alimony
- Parking Tickets
- Student Loans (but in certain cases, student loans may be dischargeable)
Recent Blog Posts
At the Parker Law Firm, your health and safety are extremely important to us. Although the widespread pandemic has ended, there is still no cure for the coronavirus (COVID-19) and cases are on the rise once again. Therefore, our firm will still adhere to common-sense measures to keep our staff and clients safe. We are back in the office full-time. However, will schedule in-office appointments where applicable (i.e., preparation for trials) and we will ask that you were a mask during your office visit. Otherwise, most appointments will be conducted via telephone, via Zoom or Microsoft Teams. Thank you.
At the Parker Law Firm, your health and safety are extremely important to us. The coronavirus (COVID-19) health crisis has created unprecedented challenges for us all, and while we are strictly adhering to public health regulations for the safety of our clients and staff, please know that we are still here for you. We are […]
The post Coronavirus (COVID-19) Update appeared first on Parker Law Firm.
(During the Coronavirus (Covid-19) Pandemic) According to the U.S. Federal Reserve, federalreserve.gov, as of January 2020, there are approximately 44.7 million Americans with student loan debt. The total student loan debt in the U.S. alone, is $1.64 trillion. The average monthly payment on student loan debts range between $200-$299, with 11.1% of student loans 90 […]
The post Forbearance of Student Loans appeared first on Parker Law Firm.
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