What debts can I discharge in bankruptcy?

In North Carolina, filing for bankruptcy can help you discharge certain types of debts that you may be struggling to pay. Generally, individuals filing for bankruptcy in North Carolina can discharge or cancel their unsecured debts. Unsecured debts include credit card balances, medical bills, and personal loans. In some cases, you may also be able to discharge certain types of secured debts, such as car loans and mortgages. In addition, certain types of taxes may be eligible for discharge through a bankruptcy filing. Provided that the taxes meet certain criteria, you may be able to get rid of them. If the taxes were incurred three or more years ago, if you have not been audited in the past few years, and if you have filed the appropriate tax returns, then they may be eligible for discharge. Certain types of debts are not eligible for discharge in North Carolina. These include student loans, child support payments, alimony payments, and most debts that resulted from fraud or criminal activities. Also, if you have debts that you incurred recently, such as a cash advance taken out within the last 90 days, they will generally not be eligible for discharge. Overall, it is important to understand which debts you are eligible to discharge when filing for bankruptcy in North Carolina. Consulting with an experienced bankruptcy attorney can help ensure that you understand your rights and are making the best possible decision for your financial future.

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What debts can I discharge in bankruptcy?

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