Chapter 7 Bankruptcy
Filing a Chapter 7 bankruptcy gives people a fresh start. This type of bankruptcy is used to eliminate most debts in a legal proceeding conducted under the jurisdiction of the Federal U.S. Bankruptcy Court. Chapter 7 discharges debts such as:
- Credit card debt
- Medical bills
- Personal loans
- Utility bills
- Old tax debt deficiencies
- Repossessed vehicles
Some debts not discharged by filing for Chapter 7 including:
- Child support
- Recent tax debt
- Student loans
- Certain types of court-ordered damage awards