Are all my debts discharged in Chapter 13 Bankruptcy?

No, not all of your debts will be discharged in Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a plan of reorganization in which a person can reorganize their debts and payments with the court’s approval. The Chapter 13 plan usually lasts 3 to 5 years and typically involves a reduction in payments and interest rates. When the Chapter 13 plan is complete, any debts that remain will be discharged. However, there are some debts that are not eligible for discharge through Chapter 13 Bankruptcy. These debts may include certain taxes, alimony, child support, student loan debt, personal injury judgments, and any other debts that were not included in the Chapter 13 plan. Additionally, certain debts may not be discharged if the court determines that the creditor should not receive a full discharge. In order to determine if all of your debts can be discharged through Chapter 13 Bankruptcy, you should consult with a qualified bankruptcy attorney. This attorney can review your debts and determine if they fit within the Chapter 13 Bankruptcy requirements. They can also provide you with information on the different types of debt that may be eligible for discharge. Overall, filing for bankruptcy can be a complex process and should not be undertaken lightly. Be sure to educate yourself on Chapter 13 Bankruptcy before filing to ensure that all of your debts can be discharged.

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