Can I Leave Debts Out of My Bankruptcy?
When it comes to filing for bankruptcy, the most important question on your mind is "Can I leave debts out of my bankruptcy?" The answer is that you can, but there are certain conditions that must be met. First and foremost, it's important to understand what types of debt may be excluded from a bankruptcy filing. Generally, secured debts such as mortgages and car loans cannot be left out of a bankruptcy because these items serve as collateral for a loan. Unsecured debts such as credit card balances and medical bills can usually be left out if the creditor agrees to negotiate a repayment plan outside of the bankruptcy process.
It's also important to consider whether or not leaving a debt out of your bankruptcy will make sense for your overall financial situation.
The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FASTER!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706