What debts can I discharge in bankruptcy?

In the state of Washington, filing for bankruptcy is an option for individuals who have amassed too much debt and are in need of debt relief. Bankruptcy will not discharge all of your debt, but it can help to manage it. The type of debt that you can discharge in bankruptcy depends on several factors, including the type of bankruptcy that you file. Chapter 7 and Chapter 13 bankruptcies will both provide some debt relief. In a Chapter 7 bankruptcy, unsecured debt such as credit card debt, medical bills, and personal loans can generally be discharged. Secured debts, such as mortgages and auto loans, can also be discharged, but in this case, the borrower must give up the collateral, such as the home or car. In a Chapter 13 bankruptcy, unsecured debt can still be discharged in full, but secured debt must still be paid in full, or the amount that is unpaid will have to be paid over time in a repayment plan. Other types of debt, such as child support, alimony, taxes, student loans and any debts incurred through fraudulent activity, can’t be discharged in any type of bankruptcy. When filing for bankruptcy, it’s important to review your financial situation and determine which debts can and cannot be discharged. A bankruptcy attorney can help you assess your situation and determine the best course of action for you to take.

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What debts can I discharge in bankruptcy?

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