Buffalo Bankruptcy Attorney Explains What Debts are Dischargeable

As an experienced Buffalo Bankruptcy Attorney, clients often ask me what debts are dischargeable in a bankruptcy. In a chapter 7 bankruptcy, there are certain debts that are dischargeable and other debts that may not be. For instance, unsecured credit cards and obligations are generally dischargeable in bankruptcies, so long as they were incurred in good faith. I advise my clients as a Buffalo Bankruptcy Attorney that 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. Student loans which are governmentally insured are generally not dischargeable either. There are however, some instances where student loans can be discharged in bankruptcy if the proper criterion is met.

If you have questions regarding bankruptcy, or are considering filing, contact skilled Buffalo Bankruptcy Attorney Randy Gugino, for a consultation. Let our experience work for you.

This informational blog post was brought to you by Randy H. Gugino, an experienced Buffalo NY Bankruptcy Lawyer.