What type of debt can I erase in Chapter 7 bankruptcy?

Chapter 7 bankruptcy is often called a “fresh start” because it allows you to get rid of most types of debt. But not all debt is created equal, and some types of debt can be more difficult to get rid of than others. Here’s a look at what type of debt can be erased in Chapter 7 bankruptcy.

Secured debts, like mortgages and car loans, can’t be discharged in bankruptcy. That means you’ll still be responsible for paying off those debts even after your bankruptcy is complete.

Unsecured debts, on the other hand, can usually be discharged in bankruptcy. That includes credit card debt, medical bills, and personal loans.

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