Experienced Bankruptcy Lawyers Weigh In
Debts that are considered secured debt are those that are attached to specific pieces of property or collateral, such as mortgage payments or car payments. When secured debts are unpaid, the properties attached to those debts may be taken back by creditors or their collection agencies.
At the Debt Relief Legal Group, our Tampa bankruptcy lawyers have more than 35 years of combined legal experience. We have handled more than 50,000 bankruptcies, both Chapter 7 and Chapter 13, and have helped our clients discharge unsecured and secured debts through the process.
What Can and Cannot Be Discharged
While some secured and most unsecured debts can be discharged through Chapter 7 or Chapter 13 bankruptcy, other kinds of debt may not be discharged, such as:
- Child support
- Alimony or spousal support
- Student loans
- Income taxes less than three years old
- Certain debts from a divorce
- Debts related to fraud
Our firm has the experience to analyze your financial situation and determine what debts are dischargeable, and what debts may not be available to be discharged through bankruptcy. When working directly with our attorneys, we can present the best options for your situation. We will educate you and help you take action to protect your financial future.