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What Debts are Dischargeable?

by Nicholas Ortiz, Boston Bankruptcy Attorney · Posted in *Bankruptcy Information

Debts that are generally dischargeable in bankruptcy include credit card debts, unsecured personal loans, outstanding medical bills, overdue utility bills and other types of unsecured obligations owed by a debtor. With secured debts, liens are generally discharged in special circumstances, via special proceedings. However, a debtor’s personal liability on the secured debt is almost always discharged in bankruptcy. An example of this is a mortgage: by filing bankruptcy a debtor may remove his or her personal obligation under the mortgage note, but the mortgage lender may still exercise its rights to foreclose on the property in the event of a default.
It is important to note that certain debts, like student loans and recent tax debt are generally non-dischargeable in bankruptcy.

About Nicholas Ortiz, Boston Bankruptcy Attorney

Helping consumers and small businesses in the following counties of Massachusetts: Suffolk; Norfolk; Essex; Middlesex; Plymouth; Bristol; Barnstable; Dukes; Nantucket. Visit my website www.bkmass.com to set up an initial consultation and to learn how I can help you. Mention Bankruptcy Law Network when you call

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