Discharge Debt ▪ Attorneys in Orlando and Tampa
Many people think that all debt can be discharged when bankruptcy is filed. That is not true. It is possible to discharge credit card debt, although credit card companies will often tell a person in debt that credit card debt cannot be discharged. That is also not true. To avoid confusion, seek the counsel of our experienced debt relief team at the Bankruptcy Law Group, P.A.
Call (800) 492-4352, Orlando Office (407) 347-6656 or Tampa Office (813) 489-5109 for straight answers to your questions about credit card debt and bankruptcy. You may reach one of our experienced bankruptcy attorneys by e-mail.
Before you make any decision about refinancing your home to pay off your debt, please speak to one of our lawyers. Refinancing does not necessarily solve your problem.
Car Loans
Unlike a credit card debt, the debt you own on your car is considered a secured debt. You may keep any secured property in a Chapter 13 bankruptcy so long as you keep up your payments. If you own the car outright, you can probably still keep your car, depending on its value. Florida law partially protects a motor vehicle from unsecured creditor claims. Contact us before your car gets repossessed.
Credit Card Debt and Bankruptcy
If you file a Chapter 7 bankruptcy, all of your credit card debt will be discharged. You legally do not pay anything more toward those debts.
If you file a Chapter 13 bankruptcy, you will pay a portion of the credit card debt, based on what you actually can afford to pay. This will be determined through a thorough analysis of your financial situation by your attorney in negotiation with the bankruptcy trustee. Your debt is consolidated and your payments are reduced.
Student Loans
Student loans cannot be discharged unless the loan is not secured or not from a government or nonprofit organization or repayment will cause extreme difficulties on the debtor and the debtor's dependent.
A bankruptcy lawyer can help you determine whether some tax debt can be discharged.
Spousal support, child support, debt associated with a criminal offense and certain kinds of debt cannot be discharged under bankruptcy.
Debt Discharge Questions Answered
- (800) 492-4352, Orlando Office (407) 347-6656 or Tampa Office (813) 489-5109
- E-Mail Us
- Free Initial Consultations
- Weekdays, Evenings and Weekends
- Spanish Services
