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

In Tennessee, Chapter 7 Bankruptcy allows individuals to have certain debts discharged by the court. The most common types of debts that can be discharged through a Chapter 7 Bankruptcy are unsecured debts, such as credit card balances and medical bills. This includes other types of unsecured debt, such as utility bills, personal loans, and payday loans. Additionally, some taxes may be eligible for discharge as well, including income taxes that are at least three years old and do not meet certain other criteria, such as owing back taxes to the Internal Revenue Service. Certain other debts may be eligible for discharge as well, such as outstanding judgments, including court fines and restitution orders. Additionally, certain types of student loans may also be eligible for discharge through Chapter 7 Bankruptcy. However, the qualifying student loans must meet certain criteria and must be at least 5 years old. Finally, debts from contracts or leases that are directly related to consumer goods may also be discharged through Chapter 7 Bankruptcy. This includes auto loans, furniture leases, and cell phone contracts. Overall, Chapter 7 bankruptcy can be a useful tool for individuals to get their financial life back on track by discharging certain unsecured debts. However, it is important to meet with an experienced bankruptcy attorney to discuss which debts may be eligible for discharge in your individual case.

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

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