qualified debt

Which Of The Following Debts Could Possibly Be Forgiven Under Chapter 7 Bankruptcy?

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Which Of The Following Debts Could Possibly Be Forgiven Under Chapter 7 Bankruptcy? Answer Expert Verified So the answer is A. Credit Card. A credit card debt can be forgiven under chapter 7 because it is the main reason why people file for bankruptcy just to discharge their credit card balance. What can be discharged

How Long Must Debts Be Repaid Under Chapter 13?

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How Long Must Debts Be Repaid Under Chapter 13? As a result, most unsecured debt is discharged once the plan has concluded in three to five years. Unlike unsecured debt, secured debt (e.g. mortgages and car loans) must be made current under Chapter 13 plans, if foreclosure of the house or repossession of the collateral