Buffalo Bankruptcy Attorney Discusses Dischargeable Debts

I am often asked as an experienced Buffalo Bankruptcy Attorney, which debts ca be discharged in bankruptcy.  In a chapter 7 bankruptcy, there are certain debts that are dischargeable and other debts that are not. For example, unsecured credit cards and obligations are generally dischargeable in bankruptcies, as long as they were incurred in good faith to pay back. Creditors such as the state or the federal government are generally not going to be dischargeable, unless the taxes were acquired more than two years ago. I advise my clients as a Buffalo Bankruptcy Attorney that student loans, which are governmentally insured are generally not dischargeable either. However, there have been some instances where student loans can be discharged in bankruptcy if the proper criterion is met.

Do you need to file for bankruptcy but want to know which debts can be dischargeable?  Contact experienced Buffalo Bankruptcy Attorney Randy Gugino to help you.

This educational blog was brought to you by Randy Gugino, an experienced Buffalo Bankruptcy Attorney.