Debt Relief Lawyers

The bankruptcy code was created to provide debt relief to those who have run into financial difficulties and either need a fresh start or time to pay off their current debts. Debt relief is provided by the bankruptcy process but it does not come without strings. A bankruptcy filing will stay on your credit record for up to 10 years, as well, not all debts are eligible to be expunged through bankruptcy. You may be in need of debt relief but before you discard other options you should discuss with a bankruptcy attorney your specific debts.

Debt Relief Lawyers By State

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Frequently Asked Questions

  • What Is A Discharge?
    The discharge order is issued by the court and permanently prohibits creditors from taking action to collect dischargeable debts against the debtor personally; this does not prevent secured … more
  • What Debts Are Dischargeable? 2 Star Rating
    11 U.S.C. Section 523 lists exceptions to discharge. In general, all other debts are dischargeable. Some debts listed in Section 523, such as those based on fraudulent conduct, embezzlement or … more
  • What Is A Priority Debt?
    A priority debt is a debt entitled to priority in payment in a bankruptcy case. A general listing of priority debts is given in 11 U.S.C. º 507 of the Bankruptcy Code. Examples of priority … more
  • What Is A Secured Debt?
    A secured debt is a debt that is backed by property. A creditor whose debt is secured has a right to take property to satisfy a secured debt. For example, most homes are burdened by a secured debt. … more
  • What Is An Unsecured Debt?
    A debt is unsecured if you have simply promised to pay someone a sum of money at a particular time, and you have not pledged any real or personal property as collateral for that debt. Typically, … more
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