Topic: Consumer Bankruptcy
In a Chapter 7, certain kinds of debt
will be discharged. The discharge will
mean that you are no longer responsible for payment on those debts.
These debts include but are not limited
Card Debts- there is an exception for cases that involve fraud or luxury
purchases that are made immediately before the bankruptcy is filed.
Loans and Promissory Notes- money that has been borrowed in exchange for a
promissory note whether oral or written.
Judgments- if you lose in a civil case and the court issues a judgment ordering
you to pay; if you cannot voluntarily pay the money, the holder of that
judgment is entitled to collect.
Under Leases and Contracts- if you enter a lease contract then become unable to
make your monthly payment, the other party will expect you to pay damages due
to your failure to abide by the terms of the contract.
Above are just a few of the most common
debts that are discharged under bankruptcy.
Of course there are other debts that can be added to this list.
To see if your debts can be discharged
under a chapter 7 bankruptcy, call for your consultation; contact Atlanta
Bankruptcy Attorney, Daniela McCalla at (678) 883-2560. www.dmccallalaw.com.