What Debts Can Bankruptcy Address?

Gwinnett County Debt Discharge Lawyer

From credit card debt and medical bills to mortgage payments and car loans, your debt can quickly overwhelm you. Fortunately, there are steps you can take to improve your finances and lead your family into a better and brighter future.

At the firm of George R. Belche, Attorney at Law, we help people get relief from their debt by filing for personal bankruptcy. If you are struggling to make payments and meet all your obligations, we can help you get back on track. We know that a lost job, a salary cut or an unexpected expense can put you in a bind, and it is nothing to be ashamed of. Bankruptcy law is a tool that you can use to get your financial house in order, and we will be there to guide you each step of the way.

To schedule a free initial consultation with an experienced attorney, call (770) 963-3117. You can also contact our Lawrenceville law office online.

Discharging Debt Through Bankruptcy

Debt is handled differently depending on the type of bankruptcy you choose to file. That choice depends on the type and amount of debt you have, your current income and your ultimate financial goals.

Debt discharge in Chapter 7 bankruptcy: Under Chapter 7, certain debts can be completely eliminated, including:

Debt discharge in Chapter 13 bankruptcy: Under Chapter 13, your debts are reorganized into a repayment plan, based on your budget. Debt that cannot be discharged under Chapter 7 can be part of a Chapter 13 repayment plan. The types of debt mentioned above can all be put into the payment plan, which you make payments on for three to five years. After that, the remaining unsecured debt is eliminated.

What Debt Cannot Be Discharged?

Some types of debt cannot be discharged in bankruptcy. However, these debts can still be reorganized as part of a Chapter 13 repayment plan:

  • Child support
  • Alimony
  • Government insured student loans, unless an exception applies
  • Tax debt that is less than three years old
  • Fines and penalties like traffic tickets and criminal restitution
  • Secured loans for property you wish to keep, such as a home or car

Contact a Lawrenceville Unsecured Debt Attorney for a Free Consultation

If you are unsure about your finances, we are ready to help. At the bankruptcy firm of George R. Belche, Attorney at Law, we are happy to offer a free initial consultation to discuss how we can help. Call (770) 963-3117. You can also contact our law firm online.

"We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code."