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

Chapter 7 Bankruptcy Law is a legal process that allows an individual or business in South Carolina to eliminate debts that can no longer be paid. A person or business seeks relief from creditors by submitting a bankruptcy petition to the court. Through the process, certain types of debts can be discharged, meaning the individual or business no longer has to pay them. The most common types of debts that are discharged through Chapter 7 Bankruptcy in South Carolina include credit card debt, medical bills, personal loans, utility bills, and certain types of taxes. In addition, some court judgments, wage garnishments, and certain types of business debts may also be discharged. However, some debts such as child support, alimony, student loans, and certain federal taxes cannot be discharged. Bankruptcy proceedings can be a complicated matter and require the help of a qualified lawyer to provide assistance. If individuals or businesses in South Carolina are considering filing for Chapter 7 Bankruptcy, it is strongly advised to consult with an attorney to fully understand the process and possible outcomes. An attorney can help determine if Chapter 7 Bankruptcy is the best option to eliminate debts.

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