Dischargeable & Non-Dischargeable Assets
Owenby Law, P.A.: Protecting the Rights & Assets of Bankruptcy Clients
Our Jacksonville bankruptcy attorneys at Owenby Law, P.A. assist debt-ridden
individuals to get out from underneath crushing financial obligations.
Unfortunately for some individuals, the types of debt that they have accumulated
are not dischargeable under Florida and federal
bankruptcy laws. In these cases, our bankruptcy lawyers are often able to assist our clients
by getting other obligations discharged or helping them negotiate easier
terms on the non-dischargeable debts with their creditors.
The following types of debt are currently not dischargeable in the state
- Student loans
- Child support
- Alimony or spousal support
- Certain tax obligations
Debts accrued for personal injury resulting from a
- Fines or penalties owed to a government agency
Obligations owed to certain
- Condo association or homeowners association fees
- Court fines, penalties, or court-ordered restitution
- Debts owed for attorney's fees in child custody cases
- Recently accrued credit card debts
For a review of your personal financial obligations, call (904) 770-3141 for a consultation!
What Are Dischargeable Debts in Bankruptcy?
While the bankruptcy code is complicated and there are numerous exceptions,
almost all debts that DO NOT fall into one of the above, non-dischargeable
debt categories, would be dischargeable under Chapter 7 and 13.
Some dischargeable debts include:
- Credit card debts
- Medical debt
- Signature loans
- Some types of debt accumulated due to liability
Tax debt in some cases
Secured debt, such as car loans, mortgages, boat loans, and business equipment
loans can be discharged in bankruptcy if you do not intend to keep the
property. If you need your car for work, for example, arrangements must
be made to continue payments after the bankruptcy to keep it.
Speak with Our Jacksonville Bankruptcy Lawyers About Your Needs Today
Whether you are attempting a "fresh start" under
Chapter 7 or are seeking to reorganize your debt under
Chapter 13, we can answer your questions about which debt is dischargeable and which
is not. One of the most significant keys to a smooth bankruptcy process
is to involve the services of an experienced bankruptcy attorney as early
as possible. We are proud to have been designated as a debt relief agency
under federal law that helps people file for bankruptcy relief under the
Bankruptcy Code. We accept payment plans for those who qualify.
Need more information? Give our office a call as soon as possible.