Which Debts Can You Discharge in Chapter 7 or 13 Bankruptcy?
If you are unable to repay your debts, our Atlanta debt relief attorneys at Gingold & Gingold LLC can help you find out which of those debts are eligible to be discharged (wiped out) in Bankruptcy Court. Then you can decide whether filing bankruptcy is the right choice for you.
Our firm is made up of two experienced bankruptcy lawyers: Ira D. Gingold, who has been a bankruptcy attorney and Court-appointed Bankruptcy Trustee since 1971, and Jamie L. Gingold, who has been practicing bankruptcy, business and real estate law since 2001.
Understanding How the Bankruptcy Laws Apply to Your Situation
The bankruptcy laws are complex, and creditors have spread many myths about them in order to make people think they cannot wipe out their debts. Depending on the facts of each case, many types of debts can be discharged in bankruptcy. Some basic guidelines include:
- Unsecured debts such as credit card balances and medical bills can generally be wiped out in Chapter 7 bankruptcy or discharged over time through a Chapter 13 payment plan.
- Secured debts such as mortgages, home equity loans and car loans can be discharged if you do not want to keep the property that has been pledged as collateral.
- Liens that have been placed on your home, household goods or other personal property by a finance company or after a lawsuit judgment can be discharged.
Georgia Bankruptcy Attorneys · Contact Us for a Free Consultation
The best way to learn whether your debts can be discharged is to discuss your case with an experienced bankruptcy lawyer. To schedule a free consultation, contact us at 404-963-9508 (toll free at 877-419-0450) or by e-mail. We have office locations in Atlanta, Cumming, Dallas, and Douglasville, and evening and weekend appointments are available.