In most cases when you file a Chapter 7 bankruptcy in Colorado, you can discharge the majority of your debts. In today’s blog, we’ll take a look at what some of those dischargeable debts are in Littleton and across Colorado.
Bankruptcy Discharge in Aurora, Colorado: Definition of Bankruptcy Discharge
In Aurora and across Colorado, a bankruptcy discharge means you will no longer be responsible for debts owed. Additionally, creditors cannot try to collect your debt. Any debts that are discharged in your Chapter 7 bankruptcy, you will no longer be responsible for. You should note, however, that if you receive a discharge in a Chapter 7 case, you cannot receive another discharge until 8 years have passed from the date you filed your Chapter 7.
Dischargeable Debts in Centennial Chapter 7 Bankruptcy
If you live in Centennial or anywhere else in Colorado and are filing a Chapter 7 bankruptcy, know that only the debts which you incurred before filing a Chapter 7 can be discharged. Some of the most common dischargeable debt in a Chapter 7 bankruptcy include:
Credit card debt
Repossession deficiency balances
Civil court judgments
Auto accident claims (excepting drunk driving claims)
These are only some of the more common dischargeable debt in a Chapter 7 bankruptcy, which should always be discussed further with a knowledgeable bankruptcy lawyer. If any dishonesty or fraud is linked to any of the above debts, however, these debts may no longer be dischargeable.
Castle Rock Bankruptcy Lawyer on Chapter 7 Dischargeable Debts
If you have more questions about dischargeable debts in a Chapter 7 bankruptcy in Castle Rock or any other part of Colorado, contact experienced bankruptcy lawyer Barry Arrington for more information. Bankruptcy rules surrounding dischargeable and non-dischargeable debts, as well as receiving a bankruptcy discharge, are complex. Don’t try to navigate through them alone. Call Barry today to set up a time where you and him can meet and talk about your unique situation in more detail.
If you have more questions about which debts are dischargeable in a Chapter 7 bankruptcy in Colorado, call bankruptcy lawyer Barry Arrington today to request your free initial consultation meeting at 303-205-7870. Or, submit the “Get Help Now” form to begin your journey toward financial freedom.