What debts are dischargeable in bankruptcy?

In North Carolina, certain debts can be discharged (eliminated) through filing for bankruptcy. Commonly dischargeable debts include unpaid medical bills, credit card balances, personal loans, utility bills, and some unpaid taxes. These must have been incurred before the date of the bankruptcy filing. In addition to these, other debts can be dischargeable depending on the type of bankruptcy and the facts of the individual case. For example, in Chapter 7 bankruptcy, you may be able to discharge debts that are secured by collateral, such as car loans. In Chapter 13 bankruptcy, debts arising from divorce settlements can also be dischargeable, as long as the debt was not incurred as a result of fraud or deceit. It is important to note that certain debts are not dischargeable in Bankruptcy, such as student loans, child support payments, and alimony. If you are considering filing for bankruptcy, you should consult with a qualified bankruptcy attorney to discuss the specifics of your financial situation and determine which debts are dischargeable in North Carolina.

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