What debts are eligible to be discharged in Chapter 11?

In Texas, debtors in Chapter 11 are able to discharge certain types of debt in order to get a fresh start. The types of debt that can be discharged include most unsecured debt, such as credit cards and medical bills. In addition, they may be able to discharge other types of unsecured debt, such as personal loans, business loans, and overdue utility bills. Additionally, certain types of secured debt, such as mortgages, car loans, and student loans, may be discharged depending on the circumstances. In addition to these types of debt, debts that are discharged in Chapter 11 may include a variety of other debts, such as court judgments, back taxes, and alimony. In some cases, a portion of the debt may be discharged, depending on the type of debt and the circumstances. Finally, Chapter 11 bankruptcies often involve debt restructuring, which means that some of the debts that are discharged may be renegotiated with the creditors, in order to lower the monthly payments or to stretch out the repayment term. This is one of the benefits of filing for Chapter 11, in that it allows debtors to settle their debts and to make manageable payments.

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What debts are eligible to be discharged in Chapter 11?

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