What kinds of debt can bankruptcy eliminate?
ribankruptcy • July 6, 2009
A Rhode Island bankruptcy filing can be used to get rid of many types of debt. Filing under Chapter 7 may allow many types of debts to be wiped out completely:
- credit card debt
- electric, gas, water, and other utility bills
- medical, dental, and vision bills
- personal and unsecured bank loans
- automobile loan obligations remaining on a repossessed vehicle
- mortgage loan obligations remaining on a foreclosed home
Any child support obligations, recent taxes, and student loans are generally not eligible for discharge. But in some cases, even student loans can be eliminated in a bankruptcy if it can be shown that these debts create an unreasonable hardship for you.
Bankruptcy decisions can affect your spouse’s credit and future—see how a bankruptcy lawyer helps couples navigate options wisely.
Filing for bankruptcy can feel overwhelming, but working with bankruptcy attorneys helps you make informed, confident decisions.
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