What debts are dischargeable in bankruptcy?

In Michigan, debts that are dischargeable in bankruptcy are typically those that are unsecured, such as medical bills, credit card bills, personal loans, and utility bills. Most taxes, student loans, and child support obligations, however, are not dischargeable. It is important to note that while some debts may be discharged, others may be partially discharged. For example, if a person has multiple credit cards that they cannot pay back, the court may decide to discharge some of the debt while requiring the consumer to pay back a portion of the remaining balance. In addition, certain types of debts may not be dischargeable in bankruptcy if the debt was obtained through fraud or false pretenses. For example, if someone has obtained a loan or credit card by lying about their financial situation or income, the court may not grant a discharge of that debt. Finally, some debts may not be eligible for discharge even if the debt is unsecured. For example, if someone has a judgment or lien against them, this debt is not typically dischargeable in bankruptcy. In general, it is recommended that anyone considering bankruptcy should consult with an attorney to determine which debts are eligible for discharge. An attorney can advise which type of bankruptcy is best suited for the individual’s financial situation and provide a better understanding of which debts may be dischargeable.

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What debts are dischargeable in bankruptcy?

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