Typically when a debtors bills pile up they are unaware of their options on how to get out of debt. For residents of South Florida, especially Fort Lauderdale or Miami, one way to get out of debt is to file for bankruptcy, either a Chapter 7 or a Chapter 13. Chapter 7 bankruptcy is ideal for clients who have limited income and limited amount of assets. Once a debtor has determined that they want to file for bankruptcy and that they speak with an experienced bankruptcy attorney and determine that chapter 7 bankruptcy is their best solution they start compiling a list of their debts and want to know what debts are dischargeable.
Examples of typical debts that are dischargeable in a Chapter 7 bankruptcy are unsecured debts such as credit card bills (including interest and late fees), past-due utility bills, medical bills, judgments, and deficiency judgments from foreclosed real estate.
A debtor will also be able to discharge secured debts if they intend to surrender the debt in the bankruptcy. Examples of secured debt that can be discharged upon surrender include mortgages, vehicle loans, and vehicle leases.
The examples above are a non-exclusive list of debts that may be discharged in a Miami bankruptcy case. It is important to meet with an experienced Miami bankruptcy attorney to determine whether or not your debts will be discharged. To schedule an appointment with Miami bankruptcy lawyer Ofer Shmucher of Shmucher Law, PL please contact us at 954-309-5559 or 305-741-5553.