Will bankruptcy discharge the entire amount of debt owed?

In Hawaii, bankruptcy law does not guarantee that an individual will be able to discharge the entire amount of debt they owe. The type of bankruptcy filed for an individual determines what kind of debts can be discharged. For Chapter 7 bankruptcy, the most common type of consumer bankruptcy, most unsecured debts, such as credit card debt, medical bills, and personal loans, can be discharged. However, there are certain types of debt that cannot be discharged, such as taxes, student loans, and certain types of child support. For Chapter 13 bankruptcy, the debtor may enter into a court-approved repayment plan to pay back all or some of the debt over a period of three to five years. Depending on the debtor’s income and assets, the court may decide that the debtor does not need to repay all of the debt, but only a portion. Both Chapter 7 and Chapter 13 bankruptcies offer the ability to discharge some, but not all, of an individual’s debt. Ultimately, it is up to the court to determine which debts can be discharged and how much must still be paid.

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Will bankruptcy discharge the entire amount of debt owed?

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