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

Submitted by Davidmore on Tue, 12/04/2018 - 22:43
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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.


Submitted by Nick Jonas on Wed, 12/05/2018 - 21:25

Nick Jonas

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