What types of debt can be discharged through bankruptcy?
In Indiana, certain types of debt can be discharged through bankruptcy. These types of debts generally include unsecured debts such as credit card debt, medical bills, personal loans, and other similar forms of debt. Other debts, such as student loans, alimony, child support, and other forms of government-imposed debt, typically cannot be discharged through bankruptcy. Another type of debt that can be discharged through bankruptcy is secured debt. This includes debt that is secured by a property or asset, such as a car loan or a mortgage. However, if the debtor wishes to keep the asset, such as a car or house, they will still be responsible for repaying the loan. In addition, certain types of taxes can be discharged through bankruptcy, such as unpaid taxes that are more than three years old. However, taxes that have been assessed within the last three years are typically not dischargeable. Lastly, it is important to note that in any bankruptcy filing, certain debts may be discharged while other debts may not be. So, it is important for individuals to contact an experienced bankruptcy attorney to evaluate their individual situation and determine which debts are eligible for discharge.
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