Is there a way to avoid repaying certain creditors when filing for Chapter 7 Bankruptcy?

Yes, it is possible to avoid repaying certain creditors when filing for Chapter 7 Bankruptcy in Maryland. In Chapter 7 Bankruptcy, certain types of debt, like certain taxes, alimony, child support, student loans, and criminal fines, are not discharged by filing for bankruptcy and must be repaid. Other types of debt such as credit card and medical debt may be discharged, that is you may not have to repay those creditors. In addition to discharging certain debts, filing for Chapter 7 Bankruptcy also grants a financial “fresh start” by wiping out most of your other debts. This means that any creditors who have not been discharged will not be able to collect money from you. They will also be blocked from filing lawsuits against you, or from repossessing any of your assets. To ensure that you are avoiding repaying certain creditors, you should consult with a qualified attorney to determine which debts can be discharged in Chapter 7 Bankruptcy. An experienced lawyer will be able to provide guidance on how to best manage your debt and avoid repayment of certain creditors. They can also ensure that you are taking the necessary steps to file for bankruptcy successfully and legally.

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Is there a way to avoid repaying certain creditors when filing for Chapter 7 Bankruptcy?

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