Most unsecured debts are completely eliminated in bankruptcy – credit cards, medical bills, personal loans, old utility bills, and collection accounts. You’ll also discharge most business debts if you’re self-employed. However, certain debts survive bankruptcy including recent taxes, student loans, child support, alimony, and debts incurred through fraud. Secured debts like mortgages and car loans continue, but you can choose to surrender the property and eliminate any deficiency balance. We’ll review your specific debts during consultation and explain exactly what will be eliminated versus what remains.
