Apart from Credit Cards and Medical Bills, what other unsecured debts are discharged in a Bankruptcy?
This is a very common question that comes up in bankruptcy. In addition to credit card and medical debt, there are additional debts that are considered unsecured and should be discharged in your bankruptcy. Old utility bills, car repossessions, evictions, contract damages, and personal injury judgments are just a few other debts that should be discharged through the bankruptcy.
We have our clients pull credit reports from all three credit reporting agencies to ensure that all creditors are listed in the bankruptcy petition and schedules. Debtors should also anticipate future creditors and list them in their schedules. Credit reports only pick up existing or current creditors.
For example, if you are contemplating bankruptcy but know you have an expensive medical procedure coming up, you may want to wait to file for bankruptcy in case you need to include that debt in your bankruptcy. Remember debt incurred post-filing, you are personally liable for.
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Greg Gilbert
Keith Maynard
