We have locations available by appointment in the following areas. Please call us to speak to an attorney and set up an initial meeting.
Not all debts are the same. When you file for bankruptcy, some of your obligations might be wiped out at the end of that process, while others will remain in place. These are known as dischargeable and non-dischargeable debt in Toledo.
Our skilled bankruptcy attorneys can review your finances and help you understand how much of your debts might be dischargeable. Reach out to our firm as soon as possible to discuss your options.
When you file for bankruptcy, the goal is simple: eliminate debt that you cannot realistically repay. A discharge is the court order that permanently wipes out qualifying debts. Once a debt is discharged, the creditor cannot collect, sue, garnish, or call you about it again.
That matters because filing bankruptcy without receiving a meaningful discharge defeats the purpose. You need to know what will actually go away and what will survive the case. If most of your debt qualifies, bankruptcy can give you a clean break. If a large portion does not, we need to talk strategy.
Before you file in Toledo, you should understand exactly which debts will disappear and which ones will still require payment.
When you file for bankruptcy protection, most of the debt you will ultimately be able to discharge is unsecured debt. An unsecured debt is an obligation that isn’t secured with collateral, like a car or a home. Common dischargeable debts include the following:
If you borrowed money without fraud and the debt is unsecured, there is a strong chance it can be discharged. We review each debt carefully to confirm it qualifies before you file.
An important part of understanding dischargeable and non-dischargeable debts in Toledo is having a clear picture of the types of obligations that can survive bankruptcy. Some of the most common examples include the following:
Student loans are generally not discharged unless you prove “undue hardship” in a separate legal proceeding. That standard is difficult to meet. In most cases, student loan debt remains after bankruptcy.
Domestic support obligations, including child support and alimony, cannot be discharged. You must continue paying these debts, as the law treats them as important to public policy.
Recent income tax debts often survive a bankruptcy discharge. However, it is important to note that you may be able to discharge older tax debts. Our attorneys can answer your questions on what tax debts might qualify.
One of the most common situations in which a debt can’t be discharged is when it is an obligation created by the judicial system. Court-ordered fines, penalties, and restitution from criminal cases cannot be wiped out in bankruptcy.
It may be possible for a creditor to prevent you from discharging their debt if they show that the debtor defrauded them. However, they will need evidence to convince a judge in order to prevent a discharge.
If you still have questions about dischargeable and non-dischargeable debt in Toledo, our attorneys are here with the answers. We can help you evaluate your options and determine if bankruptcy is right for you.
This process can be intimidating, but getting a fresh financial start in life is often worth it. Reach out right away to learn more during a private consultation.
We have locations available by appointment in the following areas. Please call us to speak to an attorney and set up an initial meeting.
We are a debt relief agency helping people file bankruptcy under the United States Bankruptcy Code.
Click Here To Read The Required Disclosures About Bankruptcy
Fairmax Law PLLC
N/a
