What debts can I discharge in bankruptcy?

In Texas, filing for bankruptcy can give you a fresh start by allowing you to discharge certain debts. Debts that can be discharged through bankruptcy include most credit card debts, medical bills, personal installment loans, certain taxes, and some judgments. Depending on the type of bankruptcy you file for, there are some exceptions to what debts you can discharge. For example, if you file for Chapter 13 bankruptcy, student loans will not be discharged. Other exceptions include certain taxes, alimony, child support, and criminal fines. In addition, if you file for Chapter 7 bankruptcy, some of your assets may be sold to pay off debts. The court will decide which assets you are allowed to keep, which typically includes your home, car, and other possessions. Keep in mind, creditors may still be able to pursue collection against you, even after filing for bankruptcy. Bankruptcy is a complex legal matter, so it is important to educate yourself about the process and speak with an attorney if you are considering filing. An experienced attorney can help you understand the different types of bankruptcy available and advise you on which one may be right for you.

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What debts can I discharge in bankruptcy?

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