What types of debts can be discharged through Chapter 7 Bankruptcy?

Chapter 7 Bankruptcy Law in Ohio allows individuals and some businesses to free up their finances and gives them a fresh start. It is a way to reorganize debt so that it is more manageable or to have a portion of the debt eliminated. In order for an individual to qualify to file for Chapter 7 Bankruptcy, they must pass the Chapter 7 "Means Test" which evaluates their income against the median income in Ohio. When a person files for Chapter 7 Bankruptcy, most of their unsecured debt (debt which is not secured by an item such as a car or a house) can be discharged. This includes medical debt, credit card debt, personal loans, certain tax debts, and even some military discharge debts. However, certain types of debts cannot be discharged, such as student loans, child support payments, alimony, and most secured debt. Ultimately, what types of debt can be discharged with Chapter 7 Bankruptcy depends on the individual’s situation and the types of debt they are trying to eliminate. An experienced bankruptcy attorney can help them understand their options and the type of relief that is available to them.

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What types of debts can be discharged through Chapter 7 Bankruptcy?

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