Many, many types of debts are discharged when an individual files Chapter 7 bankruptcy. The most common type of debts discharged in bankruptcy are credit card debts, medical debts, lawsuit debts, and department store debts. These debts are discharged and those creditors are not allowed to harass the person filing bankruptcy. The bankruptcy discharge prohibits […]
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Filing bankruptcy is a last resort for most people. People in debt try to avoid bankruptcy by “tightening their belts” to reduce monthly expenses so the debts can be repaid over a period of time. Other people try increasing monthly income by working overtime or a second job. Some sell their jewelry, cars, or other […]
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