Hartford County Debts Forgiven In Bankruptcy

Most debt is dischargeable through the Chapter 7 and Chapter 13 bankruptcy process. At the Law Offices of Levine & Levine, we will thoroughly evaluate your debt and your properties to develop the best debt-relief plan for you.

Types of debt that are almost always dischargeable through bankruptcy include:

• Medical bills
• Credit card debt
• Missed rent payments
• Missed utility payments
• Mortgages
• Loans

Foreclosure: why simply walking away is not enough
​

For years home values were on the rise. When this "housing bubble" popped, many homeowners found themselves with mortgages that were greater than the fair market value of their homes. If your house was foreclosed on and sold for less than the outstanding amount of your mortgage, the bank can obtain a deficiency judgment and come after you for the difference. Filing for bankruptcy eliminates any liability you may have to the mortgage company after your home is foreclosed upon and prevents you from paying for a home you no longer own.

Certain types of debt are generally NOT dischargeable through bankruptcy. These include:

​

• Personal injury judgments against you
• Government fines and penalties
• Missed and future child support payments
• Missed and future spousal support, or alimony, payments

Student loans also are not dischargeable in bankruptcy. However, Chapter 13 does allow individuals to repay late student loan payments through the Chapter 13 repayment plan.


Tax Debts: Dischargeable?

Tax debts are difficult to discharge. There are many complex rules regarding timing and the circumstances in which your tax debts arose. At the Law Offices of Levine & Levine, our lawyers will inspect your tax liabilities to determine whether they can be discharged through bankruptcy.