Understanding Chapter 7 Bankruptcy and Dischargeable Debts

Filing for bankruptcy can be a daunting process, but it can also provide relief for individuals facing overwhelming debt. Chapter 7 bankruptcy is one of the most common forms of bankruptcy, allowing individuals to discharge certain debts in order to start fresh. However, not all debts are eligible for discharge under Chapter 7. In this blog post, we will explore which debts can be discharged in Chapter 7 bankruptcy and address the common question of whether student debt can be discharged.

When filing for Chapter 7 bankruptcy, certain types of debt can be discharged, meaning that you are no longer legally obligated to repay them. These typically include credit card debt, medical bills, personal loans, and utility bills. However, there are some exceptions such as child support payments, alimony, and certain tax debts. It’s important to consult with a bankruptcy attorney to determine which debts are eligible for discharge in your specific situation.

One common concern for individuals considering filing for Chapter 7 bankruptcy is whether student loan debt can be discharged. In most cases, student loan debt is not dischargeable in bankruptcy unless you can prove undue hardship. This standard is difficult to meet and usually requires showing that you are unable to maintain a minimal standard of living while repaying the loans. While it is possible to have student loan debt discharged in bankruptcy, it is not common.

At Troppito Miller Griffin, LLC, we understand the complexities of bankruptcy law and can assist Kansas City residents with navigating the process. Our experienced attorneys can evaluate your financial situation and help determine if Chapter 7 bankruptcy is the right option for you. We will guide you through each step of the process and ensure that your rights are protected throughout.

In addition to providing legal assistance with chapter 7 bankruptcies, our firm also offers guidance on alternative options such as debt consolidation or negotiation with creditors. We understand that every individual’s financial situation is unique and we work closely with our clients to find the best solution for their needs.

Filing for Chapter 7 bankruptcy can provide much-needed relief for individuals struggling with overwhelming debt. While not all debts are eligible for discharge under Chapter 7, working with an experienced attorney can help you navigate the process and make informed decisions about your financial future. At Troppito Miller Griffin, LLC, we are dedicated to helping Kansas City residents find effective solutions to their financial challenges. Contact us today to schedule a consultation and take the first step towards a fresh start financially.

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