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What are dischargeable debts

However, debt relief through a Chapter 11 proceeding is also an option for individuals, particularly when they have either too much income or too much debt to qualify foru00a0chapter 7u00a0or 13 bankruptcy.Chapter 11 offers more flexibility than Chapter 13, but it is also a more expensive and time-consuming process. For more info contact and call us today at (732) 334 -7923.

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What are dischargeable debts

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  1. What are dischargeable debts? Chapter 11 bankruptcy is often referred to as “reorganization” bankruptcy because it allows you to restructure your debts and make reduced payment arrangements while maintaining ownership of your property. However, an individual may also use a Chapter 11 process for an “orderly liquidation” of assets. Dischargeable Debts Dischargeable debts are those that you aren’t required to pay back at the conclusion of a proceeding, and they include, among other things, medical bills, credit card debts, personal and business loans that are not secured by collateral At Karina Lucid Law, we can assist you in filing bankruptcy and help you get a fresh start through bankruptcy. Contact Us Lucid Law, Debt Relief Attorneys 286 NJ-35 Unit D, Eatontown, NJ 07724, USA klucid@karinalucidlaw.com (732) 334-7923 www.karinalucidlaw.com

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