Dischargeable and Non-dischargeable Debts in Bankruptcy

Understanding the bankruptcy process is important if you are considering this legal process. Essential to a personal bankruptcy is an understanding of which debts you can eliminate and which ones are not dischargeable. Generally speaking, those debts which are dischargeable are unsecured debts, meaning they are not tied to any tangible collateral. Unsecured debts include credit card debts, medical, hospital, and dental debts, utility bills, personal loans such as payday loans, and past-due rent. Where these types of debts are listed on your bankruptcy petition, they will be discharged by the court. If you fail to list an unsecured debt, however, you will not be protected against collection attempts by the court.

Debts which are not dischargeable will leave you with the obligation to repay them even after your personal bankruptcy case has been completed. These are debts which do not fall under bankruptcy discharge law. These include student loans, child support, alimony, certain taxes, government fines and / or penalties, debts owed in personal injury cases, debts related to homeowners' associations and / or condominium fees, attorneys fees in child custody or support matters, and other court fees, such as those for restitution, drunk driving, and the like. Also, if you make cash advances of a certain amount within 70 days of a bankruptcy filing or purchase luxury goods in a certain amount within 90 days of a filing, you will generally be disallowed from eliminating those in your bankruptcy case.

Bankruptcy Legal Representation in Chicago

Getting all of the pertinent advice and guidance needed to properly and legally file for a personal bankruptcy requires the services of an attorney experienced in this field in your area. Even trying to make the decision about whether or not to file for bankruptcy often depends on obtaining proper legal counsel. Chicago bankruptcy attorney Joseph P. Doyle can be relied on for the representation you need to make such an important decision and to follow through with proper and thorough legal action. Attorney Doyle and his legal staff spend every hour of the day helping individuals and families in the Chicago area resolve their debt problems with appropriate legal solutions and have the valuable knowledge and experience needed to accomplish various types of debt relief.

Contact the firm to speak to an attorney in Spanish as well as English to learn more about your debt relief options. Get the help you need from a legal professional whose sole aim is to get your financial scene back on track.