Dischargeable Debt

What Debts Are Dischargeable Under Bankruptcy?

Greenwald & Hammond has helped hundreds of clients discharge debt, including credit cards and medical bills. We have extensive knowledge of bankruptcy laws and what debts are dischargeable or non-dischargeable. Unlike other firms, our practice is solely bankruptcy.

Questions about Chapter 7 or Chapter 13 bankruptcy? Contact us at Greenwald & Hammond for a free initial consultation with one of our compassionate Denver dischargeable debt attorneys. 303.832.2550.

Dischargeable Debts: Chapter 7 and 13 Bankruptcy

Our focus on bankruptcy allows us to concentrate on our clients’ best financial interests and tailor an effective personal strategy. If you have questions about bankruptcy and what debts are dischargeable, we are more than happy to answer your questions.

Every situation is different. However, there are certain debts that are generally dischargeable. They include:

  • Credit card debt
  • Payday loans
  • Bank loans
  • Medical bills
  • Most court judgments
  • Loan deficiencies on repossessed vehicles and foreclosed homes

This is not an exhaustive list but gives a broad perspective on which debts are dischargeable. We can discuss your specific debts and whether Chapter 7 or Chapter 13 can discharge them.

Common Misconceptions About Non-Dischargeable Debts

Debts that cannot be discharged are current and back child support, student loans, parking tickets or some other government fines, some taxes and IRS liens, and debts you incurred through fraud.

However, there are many common misconceptions regarding non-dischargeable debts. These common misconceptions include:

  • Payday loans: Many payday loans will state they are non-dischargeable. This is false and we can review your loan documents for you.
  • Business contracts: Some business contracts will state that a bankruptcy filing will not get you out of the contract. This is false. Let us help you by examining your business contract thoroughly.
  • Judgments/liens: It is commonly stated that creditor judgments and liens are non-dischargeable when in fact most judgment liens can be removed.

Again, every circumstance is different. Let us evaluate yours and help you during this difficult financial time by providing experienced, skilled and compassionate bankruptcy advice.

Contact Greenwald & Hammond: Aurora, Colorado, Credit Card Debt Lawyers

When you need answers regarding what debts are dischargeable, contact the law office of Greenwald & Hammond, P.C. — real lawyers for real people. Your initial consultation is free. We serve clients throughout the Denver metro area and beyond, in Aurora, Brighton, Broomfield, Arvada, Golden, Littleton, and Parker.