Houston Dischargeable & Non-Dischargeable Debts Attorney

The most appealing aspect of Chapter 7 bankruptcy for many debtors is the opportunity to discharge a large portion of their debt, meaning the debt will be entirely negated by court order. This option is only viable for debtors who are in true financial distress and with little real property, as those with extensive assets may be barred from filing. However, it can offer an effective means of resolving large amounts of unsecured debt which you may never be able to repay with your current income.

The bankruptcy system is intended to offer a way out for honest debtors, but certain types of debts are ineligible for discharge. If you are facing an untenable debt situation and think bankruptcy may be the answer, contact the experienced and knowledgeable Houston dischargeable debt attorneys at the Russell Van Beustring P.C., by calling 713-973-6650 to schedule a consultation in which to discuss your legal options.

Non-Dischargeable Debts

Certain types of debt are automatically considered non-dischargeable, such as the following:

• Some taxes
• Student loans
• Child support, spousal support, and alimony
• Fines and penalties imposed by a criminal court

A skilled attorney may be able to find exemptions and exceptions for many of these rules, some of which are unlikely to be known by the general public. Accordingly, a lawyer might be able to help you to discharge more of your debt that you would be able to eliminate on your own.

Dischargeable Debts

By code there are a total of 19 categories of debt which cannot be discharged, the most common of which are listed above. Any debt which does not fall under these descriptions is dischargeable via Chapter 7 bankruptcy filing, which commonly includes the following:

• Medical expenses
• Credit card debt
• Utility bills
• Fines and penalties set in civil court
• Personal loans
• Balances held by collection agencies

With the vast majority of your debt discharged through Chapter 7 bankruptcy, you will be free to enjoy a fresh start without the pressure of overwhelming debt and aggressive creditors.

Contact Us

Over 1.6 million people file for bankruptcy every year, and the system exists specifically to provide options for people in financial distress just like you. If you are in need of debt relief, contact the Houston bankruptcy lawyers at the Russell Van Beustring P.C., at 713-973-6650 today.