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Will Bankruptcy Wipe Out All Of My Debts?

Will Bankruptcy Wipe Out All Of My Debts?

Posted By Law Offices of Marshall D. Schultz || 11-Apr-2014

If you are considering bankruptcy as an effective way to eliminate that debt, a bankruptcy attorney from our law offices will be able to let you know what portion of your debt may be eligible for discharge through bankruptcy.

Our attorneys do not judge your financial situation. We deliver bankruptcy advice unconditionally and are committed to helping guide our clients through the bankruptcy process with the kindness and respect they deserve. We have handled in excess of 10,000 consumer bankruptcy cases and we take pride in providing our clients with the legal representation necessary to resolve their debt so they can get on with living their lives without undue financial burdens.

Not all debt can be wiped out through bankruptcy, so it is important you have your individual finances reviewed by a skilled bankruptcy attorney who can advise you on what type of bankruptcy may be right for you. Bankruptcy will generally eliminate unsecured debt such as credit card debt, medical bills and lines of credit. Those types of debt which are backed by collateral such as home loans and car loans, are not eligible for discharge, however you may be able to negotiate a restructured payment plan or be given the time necessary to catch up on past due payments by seeking bankruptcy protection. There are also certain other debts such as taxes, student loans, child support and alimony which are not eligible for discharge.

To find out which of your debts can be wiped out through bankruptcy, call Detroit bankruptcy attorney Marshall D. Schultz today to schedule a free consultation.

Categories: Bankruptcy, Debt Relief

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