At the New York law firm of Rosenberg, Musso, & Weiner our Chapter 7 Bankruptcy Attorney helps homeowners, workers, and other clients file for Chapter 7 protection. Sometimes referred to as a “straight liquidation bankruptcy,” Chapter 7 is the most common type of consumer bankruptcy due to its relative simplicity and cost. It has generally been the option used by those who have no assets.
Bankruptcy is a powerful tool for managing debt. It gives people a fresh start. Some examples of dischargeable debts include:
- Credit Card Debt
- Medical Bills
- Business Debt
- Unsecured Loans
However, there are several types of debts that cannot be discharged by filing for Chapter 7. Child support, taxes, student loans, and certain types of court-ordered damages awards are not discharged.