Dischargeable Debt Bankruptcy Attorney Clear Lake Texas

Dischargeable Debts

Dischargeable debts are those debts that can be discharged through bankruptcy proceedings. A debtor is no longer personally liable to pay for dischargeable debts after the bankruptcy proceedings are concluded.

Dischargeable Debts

The following debts are dischargeable:

  • Back Rent
  • Utility Bills
  • Some Court Judgments
  • Most Credit And Charge Card Bills
  • Department Store And Gasoline Company Bills
  • Loans From Family And Friends
  • Newspaper And Magazine Subscriptions
  • Legal, Medical, And Accounting Bills
  • Most Unsecured Loans
  • Repossession Deficiencies
  • Auto Accident Claims
  • Judgments
  • Business Debts
  • Leases
  • Guaranties
  • Negligence Claims
  • Tax Penalties Over Three Years Old
  • Income Taxes That Are Not Priority Taxes

Dischargeable Debts Unless Objected to by Creditor

The following four categories of debts are dischargeable unless a creditor objects to dischargeability:

  • Debts Incurred On The Basis Of Fraudulent Acts
  • Debts From Willful Or Malicious Injury To Another Or Another's Property, Including Assault, Battery, False Imprisonment, Libel, And Slander
  • Debts From Larceny, Breach Of Trust Or Embezzlement
  • Debts Arising Out Of A Marital Settlement Agreement Or Divorce Decree That Are Not Otherwise Automatically Nondischargeable As Support Or Alimony.

The court will enter an order granting a "discharge" of all dischargeable debts that existed on the date the case was filed if creditors have not filed a suit to stop a debtor from getting out from under debts within 60 days of the Section 341 meeting of creditors. It is possible to obtain a discharge even while there are pending disputes as to whether specific debts should be paid. Whether the debt that is the subject of a dispute will be discharged or not depends on the outcome of a hearing.

To learn more about which of your debts you can discharge in bankruptcy, contact bankruptcy attorney Thomas M. Root by calling 281-823-7016.