What debts can I discharge in bankruptcy?

In Mississippi, the debts you can discharge in bankruptcy are usually broken into two categories: secured debts and unsecured debts. Secured debts are those that are backed by collateral, such as with a car loan or a mortgage. Unsecured debts are those that are not backed by collateral, such as credit card debt or medical bills. In Mississippi, most unsecured debts can be discharged in bankruptcy. This includes credit card debt, medical bills, and personal loans. It also includes certain types of back taxes that are more than three years old. On the other hand, many secured debts cannot be discharged in bankruptcy. This includes most mortgages, car loans, and home equity loans. Furthermore, student loans typically cannot be discharged in bankruptcy, unless they can be proven to be an “undue hardship”. In addition, certain types of debts are not eligible for discharge, regardless of whether they are secured or unsecured. These include certain types of back taxes, child support, alimony, and courtroom restitution. These types of debts cannot be discharged, even if bankruptcy is filed. In Mississippi, it’s important to remember that there are certain debts that cannot be discharged in bankruptcy. If you plan to file for bankruptcy, it’s important to speak to a bankruptcy attorney to determine the types of debts you can and can’t discharge.

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What debts can I discharge in bankruptcy?

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