What Bankruptcy Can And Cannot Do

Many bankruptcy myths persist and separating fact from fiction can be difficult. At Forghany Law P.C., our lawyers can clearly explain what bankruptcy can and cannot do for you.

Call us for a free initial consultation in Massachusetts at

or in Connecticut at
. Our attorneys can answer all of your questions about debt discharge.

What Types Of Debts Are Dischargeable In Bankruptcy?

Unsecured debt such as credit cards, medical debt and payday loans are dischargeable in bankruptcy. If you file Chapter 13, home mortgages and car loans can often be modified in a way that allows you to keep your property and make payments you can afford. A few specific types of debt are not dischargeable, including:

  • Student loans
  • Some tax debts
  • Spousal support
  • Child support
  • Fraudulently incurred debts
  • Debts resulting from drunk or drugged driving accidents
  • Debts incurred after filing bankruptcy

Bankruptcy Can Lift Many Burdens

Even if some of your debts are not completely dischargeable, filing bankruptcy could still ease your financial difficulties. By reducing your overall debt burden, you may be better able to afford student loan or child support payments. We have seen many clients improve their quality of life by eliminating high-interest credit card debt.

After filing bankruptcy, the resources that would have gone to minimum payments can be saved for your family or used to pay down nondischargeable debts. Working a second job may no longer be necessary, freeing up your time and energy for the people important to you.

Contact Our Firm

Contact our experienced attorneys online to schedule a free consultation in Lawrence or one of our many other locations. You can also reach Forghany Law P.C. by calling

in Massachusetts or
in Connecticut. Payment plans and financing may be available.

Se habla español.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.