Thursday, December 22, 2011

Are all debts that I owe dischargeable in bankruptcy?

While the majority of debts that individuals incur are able to be discharged in bankruptcy, there are a few types of debts that may not be discharged by filing a Chapter 7.  These debts include certain tax debts, student loans, child support & alimony, marital debts incurred from a divorce decree, debts from intentional torts, damages from driving while intoxicated, court fines & criminal restitution, credit purchases of more than $500 within 90 days of filing the bankruptcy, and cash advances that total more than $750 within 70 days of filing bankruptcy. 

If you have debts that are overwhelming you and you need a fresh start, then let the Law Offices of Andrew E. Farmer provide the debt relief you need.  We serve Sevier, Jefferson, Cocke, Blount & Knox Counties.

No comments: