Though these may vary case by case, some forms of debt are more likely to be erased while others require stricter circumstances. For example, consumers filing bankruptcy can often get rid of things like credit card debt and debt from hospital bills, but other matters such as alimony, child support payments, and student loans are much harder to discharge.

All forms of bankruptcy, whether for a business or for a private consumer, are federally involved, which means that bankruptcy courts led by bankruptcy judges have a final say. Of course, the type of bankruptcy you qualify for is what will determine whether or not any debts are eligible for discharge at all or if they are simply refinanced or reorganized.

As much as we would like to provide assurance in this area, we are not in the position to promise or guarantee any certain outcome. However, we can say that if you are eligible for Chapter 13 bankruptcy, we’ve seen that this form is the most likely to retain property. In addition, Roger A. Moore is a Board-Certified specialist in bankruptcy law and will fight his hardest to save your assets.