What debts are dischargeable in bankruptcy?

In Mississippi, debts that are eligible to be discharged in bankruptcy include most unsecured debts. Unsecured debt does not have any collateral attached to it and includes things like credit cards, medical bills, payday loans, personal loans, and utility bills. Secured debt, which is debt that is backed by collateral (such as a car loan or mortgage) and can be taken away from the debtor, is not eligible. In addition to unsecured debts, certain types of tax debt and student loans are also able to be discharged in bankruptcy in Mississippi. Fees and fines that are related to criminal or civil court cases can also sometimes be discharged. Finally, debts that are considered to be legally discharged in Mississippi bankruptcy also include any debts that have been deemed invalid by the court, such as credit card debt that was earned through fraud, or any debts that have exceeded the state statute of limitations. In general, debts that are eligible to be discharged in Mississippi bankruptcy are those that are considered unsecured, certain types of tax debt, student loans, court-related fees and fines, fraudulent debt, and debt that has exceeded the statute of limitations. It is important to consult an attorney to make sure all of your debts are eligible to be discharged in bankruptcy.

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What debts are dischargeable in bankruptcy?

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