General Unsecured Debt
General Unsecured Debt can normally be discharged through Chapter 7 Bankruptcy. Examples of general unsecured debts include: personal loans, credit card debt, utility debt, medical debt, certain lease debt. If a vehicle has been repossessed and sold by the lender, this "deficiency" balance can be discharged as well. Similarly, a debtor can discharge a "deficiency" balance that resulted from a foreclosure on their home.
Contact us today to if you have any questions about the dischargeability of debt in Chapter 7 bankruptcy.