What debts can I discharge in bankruptcy?

In Colorado, filing for bankruptcy can help alleviate some of your debt. When you file for bankruptcy, certain debts can be discharged, or erased. The most common types of debt that can be discharged in bankruptcy include: · Credit card debt · Medical bills · Unsecured loans · Certain taxes (in very limited circumstances) · Unsecured debts in a Chapter 13 bankruptcy · Certain court-ordered judgments Debts that cannot be discharged in bankruptcy in Colorado include student loans, child support, criminal fines and penalties, some taxes, and most secured loans. If you are considering filing for bankruptcy in Colorado, be sure to talk to a lawyer to see if the types of debt you have could be discharged in bankruptcy. It is important to note that filing for bankruptcy does not necessarily absolve you from all of your debt. Depending on the type of bankruptcy you file, some or all of your debt could remain. Additionally, filing for bankruptcy in Colorado can have a long-term effect on your credit report and FICO score. It is important to weigh the benefits and drawbacks before deciding to file for bankruptcy.

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What debts can I discharge in bankruptcy?

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