Understanding Chapter 7 Bankruptcy and Dischargeable Debts in New York

Are you struggling with overwhelming debt in New York and considering filing for Chapter 7 bankruptcy? It's important to understand which debts can be discharged through this process. Many individuals often wonder if their student loans can be discharged as well. At J. Singer Law Group, PLLC, we specialize in assisting the New York public with bankruptcy matters, including understanding what debts can be discharged in Chapter 7 bankruptcy.

Chapter 7 bankruptcy is a common form of bankruptcy that allows individuals to eliminate most unsecured debts, such as credit card debt, medical bills, and personal loans. However, there are certain types of debts that cannot be discharged through Chapter 7 bankruptcy. These include child support payments, alimony obligations, certain tax debts, and student loans.

When it comes to student loans, it is generally very difficult to have them discharged through Chapter 7 bankruptcy. In order to have your student loans discharged, you must prove undue hardship. This is a high standard to meet and requires showing that you are unable to maintain a minimal standard of living while repaying your student loans.

At J. Singer Law Group, PLLC, we understand the complexities of bankruptcy law and can help guide you through the process of determining which debts may be dischargeable in Chapter 7 bankruptcy. Our experienced attorneys will work with you to assess your financial situation and determine the best course of action for managing your debt.

In addition to providing legal assistance with chapter 7 bankruptcy filings, our team at J. Singer Law Group, PLLC also offers personalized guidance and support throughout the entire process. We understand that dealing with overwhelming debt can be stressful and overwhelming, which is why we are dedicated to helping our clients navigate through these challenging times.

If you are a New York resident struggling with debt and considering filing for Chapter 7 bankruptcy, it's important to understand which debts may be dischargeable through this process. While student loans are generally not dischargeable in Chapter 7 bankruptcy without proving undue hardship, there are other types of unsecured debts that may be eligible for discharge. At J. Singer Law Group, PLLC, we are here to assist you every step of the way and provide expert guidance on navigating the complexities of bankruptcy law in New York. Contact us today to schedule a consultation and take the first step towards financial freedom.