Living in Bankruptcy Confusion? Escape The Stress! Nothing But Blue Skies From Now On.

Which of my debts will be erased in bankruptcy?

“Which of my debts will disappear in my bankruptcy?”

This is a question that we are asked all the time in a first consultation.   It is important for clients to understand what debt they will still owe and what debts they won’t owe following a bankruptcy case.

The problem is that all too often there isn’t an easy or immediate answer to that question and, even worse, there is a lot of bad information circulating out there about what you can and cannot do in a bankruptcy case.

Lawyers.com posted this very basic article about what debts can be discharged in a bankruptcy case.  It is very simplified but it will give you a basic understanding of where you will be after your bankruptcy case.

However, if you owe tax debt it is critical that you speak to an experienced bankruptcy attorney and disclose immediately that you owe tax debt so that the attorney can go over your bankruptcy options with regard to that debt.

Have more questions?  Give our office a call at 732-302-9600 and we will be happy to answer any questions that you have regarding your bankruptcy options or fill out our online consultation form and we will call you!