What debts are dischargeable in bankruptcy?

In Wisconsin, certain debts may be discharged in bankruptcy. Dischargeable debts are those debts that are eliminated after a bankruptcy petition is filed and successfully discharged. Most common types of debt that are dischargeable are credit card debt, medical bills, utility bills, personal loans, and certain types of taxes. However, some types of debt are non-dischargeable, such as child support, student loan debt, federal and state income taxes that are due within three years prior to filing for bankruptcy, certain types of fines or penalties due to government agencies, and unpaid alimony. Furthermore, each bankruptcy case is unique, and certain creditors may not allow their debts to be discharged through bankruptcy. In some cases, secured creditors such as mortgage lenders may require payment before allowing debt to be discharged. Additionally, debt consolidation plans may or may not be considered dischargeable, depending on the specific circumstances. If you are considering filing for bankruptcy, it is important to understand which debts are dischargeable and which debts may remain a responsibility. Consulting a qualified attorney who is experienced in bankruptcy law is the best way to ensure that you are filing for bankruptcy in the best way possible.

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What debts are dischargeable in bankruptcy?

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