Attorneys

Debt Relief FAQs

• Q: What Is A Discharge?
  A: The discharge order is issued by the court and permanently prohibits creditors from taking action to collect dischargeable debts against the debtor personally; this … More
• Q: What Debts Are Dischargeable?
  A: 11 U.S.C. Section 523 lists exceptions to discharge. In general, all other debts are dischargeable. Some debts listed in Section 523, such as those based on fraudulent … More
• Q: What Is A Priority Debt?
  A: A priority debt is a debt entitled to priority in payment in a bankruptcy case. A general listing of priority debts is given in 11 U.S.C. º 507 of the Bankruptcy … More
• Q: What Is A Secured Debt?
  A: A secured debt is a debt that is backed by property. A creditor whose debt is secured has a right to take property to satisfy a secured debt. For example, most homes … More
• Q: What Is An Unsecured Debt?
  A: A debt is unsecured if you have simply promised to pay someone a sum of money at a particular time, and you have not pledged any real or personal property as … More
• Q: What Is An Administrative Debt?
  A: An administrative debt is a priority debt. An administrative debt is created when someone provides goods or services to your bankruptcy estate. The best example of an … More
• Q: What About My Student Loans – Can I Discharge Them?
  A: In general, student educational loans are not discharged under bankruptcy.  There are exceptions in which a court may discharge the debt especially where paying … More
• Q: What Is A Reaffirmation Agreement?
  A: A reaffirmation agreement is an agreement by which a bankruptcy debtor becomes legally obligated to pay all or a portion of an otherwise dischargeable debt. Such an … More
• Q: What Is Redemption?
  A: Redemption allows an individual debtor (not a partnership or a corporation) to keep tangible, personal property intended primarily for personal, family, or household … More
• Q: What Should I Do If I Cannot Make My Chapter 13 Payments?
  A: If the debtor cannot make a Chapter 13 payment on time according to the terms of the confirmed plan, the debtor should contact the trustee by phone and by letter … More