Is debt relief law only available for certain types of debt?

Yes, debt relief law is only available for certain types of debt in Virginia. Credit card debt, medical debt, and other unsecured debt are generally the types of debt that debt relief law applies to. Debt relief law does not apply to secured debts, such as a mortgage loan or car loan, since these types of debt are backed by collateral and the creditor can take back the collateral if the debt is not paid. Student loan debt is also not eligible for debt relief law since student loans typically require a cosigner and cannot be discharged through bankruptcy. Therefore, debt relief law applies only to unsecured debts that do not have any collateral. Knowing what types of debts are eligible for debt relief law is important so that you can make informed decisions on how to manage your debt.

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Is debt relief law only available for certain types of debt?

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