Discharging Your Debt
Call Our Appleton Bankruptcy Attorney – (888) 298-1041
The main draw of filing for bankruptcy is having your debts discharged, or eliminated. What you need to know before you rush into a bankruptcy filing is that not all debts can be discharged. Depending on the type of bankruptcy you file — most people use either Chapter 7 or Chapter 13 — and what debts you owe, you might be able to satisfy all, most, some, or only a portion of your debts through bankruptcy.
Are you wondering if you should seek bankruptcy to discharge your debts? Come to Sapinski Law Office, S.C. and talk to an Appleton bankruptcy lawyer from my firm. It is my goal to make certain you understand bankruptcy and your options throughout your case. Each step we take towards a debt free future should be one you decide is right.
Contact me to learn more about bankruptcy and debt discharges.
What Debts Cannot Usually Be Discharged?
Despite the 2005 Federal Bankruptcy Abuse Prevention and Consumer Protection Act, it is still relatively easy to file bankruptcy if you seek the help of an experienced bankruptcy attorney. That does not mean, however, bankruptcy is still a process that everyone can use or should use. There are several types of debts that usually cannot be discharged, no matter your financial standing. If the majority of your debt is not dischargeable, you might determine bankruptcy is not your best choice.
Types of debt that are unlikely to be discharged in a bankruptcy case are:
- Student loans: It is notoriously difficult for student loan debts to be discharged. The 2005 U.S. Bankruptcy Abuse Prevention and Consumer Protection Act expanded the non-dischargeability of student loans to include both public student loans and private loans.
- Tax debts: Whether or not you can discharge tax debt often relies on the year in which the debt was first created, when you file for bankruptcy, when the tax was assessed, whether the taxing authority has a lien and other factors. It can be a challenge to discharge tax debts, but it is possible with the guidance of an Appleton bankruptcy lawyer from my firm.
- Fraud: Lying on a loan application or misleading a creditor may result in you having to pay the creditor back after bankruptcy. You may also be accused of fraud if you make excessive charges on credit cards prior to bankruptcy. The idea is that if these charges were easily discharged, it would dangerously encourage people in debt to run-up their credit card balances before bankruptcy.
- Domestic support obligations: When a family law court orders child support to be paid to your child’s mother or father, you must do everything you can to meet that obligation. If you file for bankruptcy, any child support or maintenance obligations will continue to exist after the bankruptcy.
The right time to see if bankruptcy can discharge your debt is today. Go ahead and contact me by dialing (888) 298-1041. I would be happy to discuss your options during a no-cost case evaluation.
About Our Firm
Introduction to Sapinski Law Office
Get to know Attorney Sapinski and how he will work with you to achieve a better financial future.
"If you are in need of legal assistance in the area of debt relief or bankruptcy, I would highly recommend Andrew Sapinski."
After many years of trying to cope with the financial burdens of a single mother of two, my current strategies were no longer ...V.S.
"You definitely took away a lot of the pain."
Thank you again for your help with handling my 'long overdue credit situation' this past year. You definitely took away a lot ...T.B.
"I would recommend Sapinski Law Office, S.C. to anyone facing bankruptcy."
I would recommend Sapinski Law Office, S.C. to anyone facing bankruptcy. They handled my case professionally, ...Will
"Thank you for your time and effort."
On your advice, we did credit counseling. The outcome was we are on the right track…..and we have decided not to pursue ...D.K.
"I was very pleased with the professional services I received from Mr. Sapinski and his law firm."
I was very pleased with the professional services I received from Mr. Sapinski and his law firm. I was not sure what to ...N.K.
"Sapinski Law Office, S.C. is a place I highly recommend for people truly in need of help with their debt."
Sapinski Law Office, S.C. is a place I highly recommend for people truly in need of help with their debt. I was extremely ...S.A.
"I would recommend him to anyone I know needed his services."
Mr. Sapinski is very friendly and nice to work with. He takes time to explain everything very well. I would recommend him to ...Jill
"We have been glad to have him take us through this process."
Bankruptcy was a difficult stress filled decision. Mr. Sapinski was very supportive and understanding and put our minds at ...P.K. & M.K.