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Is it possible to file bankruptcy just to get rid of unsecured debts?

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Is it possible to file bankruptcy just to get rid of unsecured debts? This is because the home loan is quite manageable but facing problem with the credit card debt




Well, you can file either Chapter 7 bankruptcy or Chapter 13 bankruptcy to get rid of unsecured debts. Obviously, you have to pass the means test for that and submit all the papers properly. Also, you need to list your assets and liabilities accurately.

Sub: #1 posted on Wed, 12/05/2018 - 21:25

Nick Jonas Nick Jonas

(Posts: 47 | Credits: 4.92)

Yes, it is possible. However, talk to a good bankruptcy attorney to know which chapter will work best for your case.

Sub: #2 posted on Fri, 12/07/2018 - 04:55

sanderspatricia29 sanderspatricia29

(Posts: 724 | Credits: 74.26)

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