What Debts Are Dischargeable?

Debt Causing Headaches?
Debt Causing Headaches?

Eliminating and Reducing Debts through Bankruptcy

The bankruptcy laws were enacted to provide relief to hard-working people who are overwhelmed by unmanageable levels of debt. Some debts can be eliminated while others can be reduced or must remain in place. An experienced attorney can help you make the right decisions about bankruptcy.

At the Bankruptcy Law Offices of Stephen Johnson, we help our clients obtain debt relief and a new financial start through bankruptcy. Our goal in every case is to help our clients to obtain maximum debt relief, while allowing them to keep as many personal assets as possible.

Call 530-823-3655, or send us an e-mail for more information.

Most Unsecured Debts Can Be Reduced or Eliminated

A Chapter 7 Bankruptcy can completely eliminate some types of debts, such as credit card debts, medical bills, personal loans and other unsecured debts. Tax debts older than three years are generally dischargeable. This can provide you with the breathing room you need to rebuild your financial life.

A Chapter 13 Bankruptcy can eliminate some unsecured debts and greatly reduce other debts. Your remaining debts are rolled into a three- to five-year repayment plan. The extra cash flow you receive can make it that much easier to handle your non-dischargeable debts.

There are many factors to consider when deciding which bankruptcy option is best. The Bankruptcy Law Offices of Stephen Johnson has over 30 years of experience helping people obtain debt relief through bankruptcy. We can review your situation and recommend the right solution for you.

What Debts Are Not Dischargeable?

Except in rare cases, student loan debts, child support obligations and some types of tax debts are not dischargeable in bankruptcy.

If you want to keep your house, you will have to continue to pay your first mortgage, though it may be possible to eliminate a second mortgage. In other cases, our firm may be able to obtain a loan modification that reduces your primary mortgage, making it much easier to meet your monthly mortgage obligation.

Creative Solutions for Hard-Working People

Our firm's vast experience in the bankruptcy field enables us to suggest the debt relief opportunities available in any situation.

In your case, the Bankruptcy Law Offices of Stephen Johnson will work to obtain debt relief for you.

Contact a Lawyer Today

For a free consultation with the Bankruptcy Law Offices of Stephen Johnson in Auburn, including Colfax, California, Call 530-823-3655, or contact us online.

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

Considering Bankruptcy?

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