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Dischargeable Debts in a Chapter 7 Bankruptcy

For individuals who qualify, Chapter 7 bankruptcy offers financial relief that can be absolutely essential to one’s financial future. A central tenant of Chapter 7 bankruptcy is that some of an individual’s debt may be discharged. However, not all debts an individual holds can be discharged and, accordingly, will remain even after a Chapter 7 bankruptcy.

As such, individuals who are considering pursuing Chapter 7 bankruptcy should consult with an experienced bankruptcy lawyer to help them understand exactly which of their debts may be discharged, in addition to better understanding the overall impact of Chapter 7 bankruptcy on their finances.

Commonly Discharged Debts

Although many types of debts will not be discharged during a Chapter 7 bankruptcy, the following are commonly discharged during the process:

  • Credit card charges
  • Past due utility bills
  • Medical bills
  • Collection agency accounts
  • Business debts
  • Personal loans from family and friends

These kinds of debts can be unduly burdensome for many individuals. Chapter 7 bankruptcy commonly relieves individuals of these debts, thereby providing these individuals with a financial fresh start. An experienced Chapter 7 bankruptcy lawyer can advise you during every step of the Chapter 7 bankruptcy process.

Contact a Cincinnati Dischargeable Debts Lawyer Today

At Ryan J. Ruehle Attorney at Law, LLC, our Cincinnati legal team can provide you with the knowledgeable advice you need regarding Chapter 7 bankruptcy. To discuss the particulars of your circumstances with one our bankruptcy lawyers today, please call our Cincinnati office at (513) 621-0999.

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