Bankruptcy Myth: When I file bankruptcy all my debts will go away…. NOT TRUE
Chapter 7 Bankruptcy provides for the discharge of several types of debts, but exceptions exist so read on… Let’s start with some examples of the types of debts that Chapter 7 Bankruptcy will successfully discharge: medical bills, most credit card debts, vehicle repossessions, utility shut offs, home foreclosure deficiencies, and most unsecured personal loans. Next,…