Tennessee Bankruptcy Attorneys Helping People Understand Debt Discharge
At the conclusion of a successful bankruptcy, the debtor will receive a discharge. Upon receiving a discharge, a debtor is no longer liable for discharged debt. Further, creditors cannot take any action to collect upon these debts. Certain debts, however, cannot be discharged in bankruptcy. If you are considering filing for bankruptcy, it is important to work with a lawyer who understands whether or not bankruptcy can cure your financial ills. The Nashville law firm of David F. Cannon has helped thousands of people across Middle Tennessee achieve debt relief. We will look closely into your finances to help you decide if bankruptcy is a solution for you.
What Debts Can Be Discharged in Bankruptcy?
Some of the debts that can generally be discharged in bankruptcy include:
- Judgments
- Credit card bills
- Medical bills
- Payday loans
- Individual tax debt including penalties, owed for more than three years after a tax return is filed
What Debts Cannot Be Discharged in Bankruptcy?
There are certain debts, due to public policy reasons, that our government has decided cannot be discharged in bankruptcy. Some of these debts include:
- Student loan debts in the majority of circumstances
- Child support payments
- Alimony, or spousal support payments
- Fines from criminal convictions
- Personal injury or death caused while driving a motor vehicle or aircraft if debtor is intoxicated by alcohol or drugs.
- Taxes that have become due in the last three years
Incurring dischargeable debt to pay non-dischargeable debt is usually not dischargeable. For instance, if you pay your student loans on a credit card and then file for bankruptcy, those debts will not be dischargeable.
Additionally, certain debts are dischargeable in a Chapter 13 bankruptcy, but cannot be discharged in a Chapter 7 filing. These debts include some nondischargeable tax obligations and property settlements in a divorce.
Contact a Nashville Bankruptcy Debt Discharge Attorney at the Law Firm of David F. Cannon
To schedule a confidential appointment with our law firm, please call 615-800-3725, toll free at 877-696-8680, or e-mail our law firm today.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
