What debts are dischargeable in bankruptcy?

Under bankruptcy law in Florida, certain types of debts are dischargeable, meaning that individuals no longer have to pay them after filing for bankruptcy. These include medical bills, credit card bills, personal loans, certain taxes, and certain types of legal judgments. Generally speaking, any debt that is unsecured is dischargeable. This means that it is not backed by any property or collateral. In addition, some debts that are secured by property may also be dischargeable in bankruptcy. This can include mortgages, car loans, and other loans that are secured by property owned by the debtor. Secured debt is usually more difficult to discharge in bankruptcy, as the creditors may be able to take back the property that was used to secure the loan. It is important to note that not all debts are dischargeable in bankruptcy. Certain types of debts, such as student loans, child support arrears, and some types of taxes, are typically not dischargeable. Additionally, some creditors may be exempt from bankruptcy discharge orders. It is in your best interest to speak to a qualified bankruptcy lawyer to learn more about what kinds of debts are dischargeable in your particular situation.

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What debts are dischargeable in bankruptcy?

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