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

In Virginia, Chapter 7 Bankruptcy law allows individuals to discharge some of their debt. The types of debt that can be discharged include credit card debt, medical debt, personal loans, and utility bills. Additionally, some liabilities that were incurred by a business can be discharged under Chapter 7 Bankruptcy, such as business loans and leases. Other types of debt that can be discharged under Chapter 7 Bankruptcy in Virginia are certain types of judgments, including those related to child support or alimony. Additionally, certain types of taxes, such as income taxes, can also be discharged. In addition to debts that can be discharged under Chapter 7 Bankruptcy, there are also some debts that cannot be discharged, such as student loan debt and some types of taxes, including taxes related to fraudulent activity. There may also be certain types of debt that are not dischargeable at the time of filing, but may become eligible for discharge after a period of time has elapsed. Overall, Chapter 7 Bankruptcy in Virginia can provide individuals with relief from certain forms of debt. It is important to note that there are certain types of debt that cannot be discharged, and that it is important to be aware of what debts can and cannot be discharged before filing for Chapter 7 Bankruptcy.

Related FAQs

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

Related FAQs

Related Blog Posts