 Spring Valley Bankruptcy Attorney Law Firm is #1 in my book. They are great. If it weren't for them, we would have lost our home. I am glad that he's an honest attorney and will tell you the truth. We think about him a lot when we think about what he's done for us. - Charles Vitug, Spring Valley, CA  Can Bankruptcy Only Be Applied to Credit Card Debt? Can you declare bankruptcy on just your credit card debt? The short answer yes. The long answer well, keep reading the rest of the article. Before 2005 you would be able to discharge on your credit cards without any consequence from your lenders... |
Types of Debt - 619-324-9856
Spring Valley Bankruptcy Lawyer @ Spring Valley Bankruptcy Attorney Law Firm - Types Of Debts
Bankruptcy Lawyer Serving Spring Valley and Neighboring Cities
During the bankruptcy process, Spring Valley Bankruptcy Attorney Law Firm will identify your unsecured debts and your secured debts. Unsecured debts (such as credit card debts and medical bills) are dischargeable. Certain types of debts are not dischargeable. The good news is that by eliminating the dischargeable debts, you can free up cash flow that can be used to pay down your non-dischargeable debts and secured debts such as your car payments and home mortgage payments.
Call us at 619-324-9856 to schedule a free consultation. Spring Valley Bankruptcy Attorney Law Firm can review your situation and discuss the actions we can take to work to eliminate your debts and help you get a fresh financial start through bankruptcy.
Debts That Are not Dischargeable
Certain types of debts are not dischargeable under the bankruptcy laws. These include:
- Student loan debts
- Some tax debts owed the IRS
- Child support and alimony
- Proceeds from an equitable distribution of property after divorce
- Payroll taxes owed by small business owners
Discharging Tax Debts
Some older IRS tax debts can be discharged entirely. Whether your income tax debts can be discharged depends on the tax year of the tax, when the return was filed, how long ago the tax was assessed, and whether there was an audit and a later tax assessment.
Spring Valley Bankruptcy Attorney Law Firm are experienced bankruptcy attorneys, who can review your situation and advise you regarding the possibility of discharging your tax debts. We have years of experience helping clients obtain debt relief and will work to help you make a new financial beginning.
Take the First Step Toward a New Financial Future
Call 619-324-9856 or send us an e-mail to schedule a free consultation with a Spring Valley bankruptcy lawyer at Spring Valley Bankruptcy Attorney Law Firm.
