What debts are dischargeable in bankruptcy?

In Colorado, certain debts are dischargeable if you file for bankruptcy. These debts are considered unsecured debts, meaning that they are not backed by any collateral. Examples of dischargeable debts include credit card debt, medical bills, personal loans, utility bills, and overdraft fees. In addition to these debts, any debt that resulted from repossessions, foreclosures, or judgments against you is eligible for discharge in bankruptcy. In order to be eligible for discharge, the debt must have been incurred prior to filing for bankruptcy and must not be one of the few exceptions that are not eligible for discharge. Common exceptions include student loans, debts for money or property obtained through fraud or false pretenses, child or spousal support, and certain income tax debts. If you are unsure if your debts are eligible for discharge in bankruptcy, you should speak to a legal professional who is experienced in Colorado bankruptcy law. They can help you understand which debts can be eliminated through the bankruptcy discharge process and walk you through the entire process.

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What debts are dischargeable in bankruptcy?

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