Phone Call Us 414-326-9231
608-260-7133
Toll Free 866-678-9352
Text Us 414-277-7742

A Chapter 7 discharge may be just what you need

People get into debt for a variety of reasons. Whether you ended up there through a job loss, unexpected illness or injury, or some other monetary calamity, you now need to find a debt relief option that allows you to get back on your feet financially.

You're thinking of filing for Chapter 7 bankruptcy, but you may not be sure just what a discharge could do for you. There are often a lot of rumors and myths out there regarding this type of bankruptcy, but you need to know the truth before making big decisions.

What a discharge can and can't do for you

A Chapter 7 discharge eliminates your responsibility to repay certain debts. Your creditors will no longer come to you for payment of the debts that received a discharge. The disruptive, stressful and annoying phone calls should stop when you file, but your discharge could stop many of them for good. However, there are certain debts you generally cannot discharge, including the following:

  • Student loans
  • Some tax debts
  • Alimony
  • Child Support
  • Criminal restitution orders
  • Personal injury or wrongful death judgments based on impairment
  • Debts owed for malicious injury to another party

You must still list these types of debts when you file your Chapter 7 bankruptcy, but that doesn't mean the court will include them in your discharge. You may remain liable for these debts after the proceedings end.

You may want to keep some debts

You may also remain liable for certain debts that you wish to continue to pay. For instance, many people want to keep their vehicles, so they may enter into "reaffirmation agreements" with their lenders. This agreement reiterates your financial obligation to your lender. If your lender and the court agree, you will continue to owe these types of debts and retain the property that secures them.

You may want some help

Many people attempt to file bankruptcy on their own, but this could create problems. The process can be complex, the paperwork can be confusing and if you miss a court established deadline, your case could be dismissed. So, it may be a good idea to consult with an attorney who can help you through the process. 

No Comments

Leave a comment
Comment Information

Contact Our Milwaukee Law Firm

Reach Miller & Miller Law, LLC, online or call us at 414-326-9231 to schedule a free initial consultation. Our law office also provides Spanish language services. Se habla espaƱol.

To schedule an initial consultation, call 414-326-9231 or contact Miller & Miller today.

Free Case Evaluation

* indicates required field

Milwaukee Office
633 W Wisconsin Ave, Suite 500
Milwaukee, WI 53203

Phone: 414-312-6581
Fax: 414-277-1303
Milwaukee Law Office Map

Kenosha Office
6123 Green Bay Road
Suite 210
Kenosha, WI 53142

Phone: 262-326-1669
Kenosha Law Office Map

Brookfield Office
200 S. Executive Drive
Suite 101
Brookfield, WI 53005

Phone: 262-261-0665
Brookfield Law Office Map

Madison Office
2810 Crossroads Drive
Suite 4001
Madison, WI 53718

Phone: 608-260-7133
Madison Law Office Map

Glendale Office
6001 N. Green Bay Avenue
Glendale, WI 53209

Phone: 414-973-8662
Glendale Law Office Map

Appleton Office
4321 W. College Ave.
Suite 200
Appleton, WI 54914

Phone: 920-280-3838
Map & Directions