Your Debt in Chapter 7 Bankruptcy

Which Debts Are Discharged in Chapter 7 Bankruptcy?

Learn about the debts that are discharged (wiped out) when you file for Chapter 7 Bankruptcy protection.

Nondischargeable Debts in Chapter 7 Bankruptcy

Although most debts are discharged (cancelled) in a Chapter 7 bankruptcy, some cannot be. Learn about these nondischargeable debts.

Priority Debts in Chapter 7 Bankruptcy

Priority debts get paid first in Chapter 7 bankruptcy.

Will My Cosigner Be Liable for Debt if I File Bankruptcy?

Find out if your cosigner or guarantor will be on the hook for your debt if you file for bankruptcy.

Can I Repay Debts That Were Discharged in Bankruptcy?

When your bankruptcy case is over, you can voluntarily pay off debts that your bankruptcy discharged.

Bankruptcy's Automatic Stay and Tax Debts

When you file for bankruptcy, the IRS must stop its collection of back taxes. Find out if the stay is temporary or permanent.

Discharging Cosigned Student Loans in Bankruptcy

If you are the cosigner on someone else’s student loan, in most courts you cannot discharge your obligation to repay that loan unless you meet bankruptcy’s undue hardship standard.

Discharging Social Security Overpayments in Bankruptcy

Unless you've committed fraud, you can discharge Social Security overpayments in bankruptcy.

Which Debts Are Discharged in Chapter 7 Bankruptcy?

Learn about the debts that are discharged (wiped out) when you file for Chapter 7 Bankruptcy protection.

Credit Card Debt in Chapter 7 Bankruptcy

In most cases, you can get rid of credit card debt in Chapter 7 bankruptcy.

Eliminating Tax Debts in Bankruptcy

Most taxes can't be eliminated in bankruptcy, but some can.

Student Loan Debt in Bankruptcy

Most debtors can’t “discharge” or wipe out student loan debt in Chapter 7 or Chapter 13 bankruptcy. However, if you can prove that repaying your student loans would cause you undue hardship, you can get rid of your student loans in bankruptcy.

Tax Debts in Chapter 7 Bankruptcy

You can discharge recent income tax debt in Chapter 7 bankruptcy, but most other types of taxes are not dischargeable. Here are the details.

Nondischargeable Debts in Chapter 7 Bankruptcy

Although most debts are discharged (cancelled) in a Chapter 7 bankruptcy, some cannot be. Learn about these nondischargeable debts.

Timeshares and Bankruptcy

Find out how to keep or surrender your timeshare in Chapter 7 and Chapter 13 bankruptcy, as well as what happens to timeshare mortgage debt and maintenance fees if you file for bankruptcy.

Child Support Debt in Chapter 7 Bankruptcy

Chapter 7 bankruptcy does not get rid of your obligation to pay ongoing child support and back child support.

Do I have to surrender credit cards at my bankruptcy 341 hearing?

In general, you are not required to surrender your credit cards at your bankruptcy 341 hearing (also called the meeting of creditors). Depending on where you live, certain bankruptcy courts or trustees may still ask you to turn them over.

Can I Repay Debts That Were Discharged in Bankruptcy?

When your bankruptcy case is over, you can voluntarily pay off debts that your bankruptcy discharged.

Do I have to surrender credit cards at my bankruptcy 341 hearing?

In general, you are not required to surrender your credit cards at your bankruptcy 341 hearing (also called the meeting of creditors). Depending on where you live, certain bankruptcy courts or trustees may still ask you to turn them over.

Will My Cosigner Be Liable for Debt if I File Bankruptcy?

Find out if your cosigner or guarantor will be on the hook for your debt if you file for bankruptcy.

Using Your Credit Cards for Luxury Purchases Before Bankruptcy

If you use your credit card to buy luxury goods before you file bankruptcy, you run the risk of having to repay the debt.

When Will the Trustee Abandon Property in Chapter 7 Bankruptcy?

If the trustee abandons your property Chapter 7 bankruptcy , you get to keep it. Find out more.