What Is Dischargeable Debt?
One of the most important reasons why you should hire an experienced bankruptcy attorney from Walton Legal Services is the knowledge and experience we bring. With all the information on the Internet, many people feel that they can represent themselves in their bankruptcy proceedings. However, when questions arise, or if something is unclear, there is no substitute for a legal team with knowledge and insight backing you up.
We trust our surgeons when they operate on us, because we cannot perform surgery on ourselves — we do not have the knowledge, training or experience. We trust the surgeon, because he or she has handled hundreds of similar surgeries before ours. It is the same with trusting your Indiana bankruptcy lawyers of Walton Legal Services — only we have done it more than 30,000 times.
Walton Legal Services: More than 30 years | More than 30,000 bankruptcies filed
What Debt Can You Discharge?
One of the main issues that cause confusion for people is the issue of what debts can be discharged. There are many bankruptcy myths surrounding this issue. Although bankruptcy will not discharge most tax debts, child support and custody debts, and other debts, bankruptcy generally provides discharge for most unsecured debt, including:
- Medical debts
- Credit card debts
- Many types of car loans
- Mortgage debt
Chapter 13 Mortgage Stripping
One benefit of Chapter 13 bankruptcy involves stripping off a second mortgage. If your first mortgage is worth more than the property itself, there is nothing for the other mortgage or mortgages to attach to. Through Chapter 13, it is possible to eliminate second and subsequent mortgages when the first mortgage is worth more than the property.
If you are looking for an Indianapolis debt-relief lawyer to help you find the road to financial freedom, call one of our Indianapolis law offices, call our Columbus, Indiana, office or contact us online. We offer free initial consultations, and we give you detailed up-front information about our fee arrangements, so there will be no surprises.
