Will Bankruptcy Wipe Out All Of My Debt? - Bankruptcy NH
The short answer to whether bankruptcy will wipe out all debt is no. Bankruptcy can be a useful tool for re-establishing credit, saving assets, and getting the clean slate you need to move forward after tough financial times. And yes, a great deal of debt can be wiped off your credit report. However, there are types of debts that can’t be discharged and wiped out regardless of the type of bankruptcy filed. The Law Office of Joseph M. Annutto can evaluate your situation and determine what kind of debt can and can’t be wiped out for you.
Benefits of Chapter 7 Bankruptcy
Chapter 7 Bankruptcy allows for the discharging of debt, meaning you never have to pay back that particular debt. Debt that can’t be discharged includes:
- Child support
- Court fines
- Court-ordered restitution
- Some types of tax debt
- Most student loan debt
- Secured debt, such as mortgage debt
- Loans or debt accumulated through some type of fraud
- Debt acquired within 6 months of filing for bankruptcy
- Debts not reported or filed as exempt
Experienced Bankruptcy Attorney
A trusted attorney needs to evaluate where you stand and what debts you actually owe. Our firm has the experience and compassion needed to pursue resolutions that will work in your best interest. We can work with you and fight to wipe out as much debt as possible. Bankruptcy can be the best chance you have to get back on stable financial ground. Let us discover what debt can be wiped out and help prepare you to deal with debt that can’t be wiped clean from your credit. With Attorney Joseph M. Annutto in your corner, you can get the fresh start you need and the second chance you deserve.