Both Chapter 11 and Chapter 13 bankruptcy may allow you to modify secured debt contracts,
discharge certain unsecured debts that can not be repaid over the term of the bankruptcy repayment plan, and to keep certain property needed to operate your business.
When you enroll into a debt settlement program, the goal you have set is to negotiate mutually agreeable settlements between you and your creditor (s) for payment
of certain unsecured debt (s) described as Enrolled Debts.
Priority Debt: The Bankruptcy Code provides that
certain unsecured debts must be paid ahead of — given priority over — other unsecured debts.
The Chapter 7 bankruptcy process allows debtors to discharge
certain unsecured debts, including medical bills and credit card debt.
Chapter 7 bankruptcy allows qualifying debtors to discharge
certain unsecured debts.
There are
certain unsecured debts that can not be discharged.
The goal you have set is to negotiate mutually agreeable resolutions between you and your creditor (s) for payment of
certain unsecured debt (s) described as Enrolled Debts.
There are
certain unsecured debts that either are very rarely or never discharged in bankruptcy.
There are, however,
certain unsecured debts that are not dischargeable in Chapter 7 bankruptcy.