{"id":1769,"date":"2023-05-18T16:39:54","date_gmt":"2023-05-18T16:39:54","guid":{"rendered":"https:\/\/jeppsonlawoffice.com\/?page_id=1769"},"modified":"2023-06-13T16:41:45","modified_gmt":"2023-06-13T16:41:45","slug":"dischargeable-debt","status":"publish","type":"page","link":"https:\/\/jeppsonlawoffice.com\/chapter-7\/dischargeable-debt\/","title":{"rendered":"Dischargeable Debts Chapter 7 in Kansas City, MO"},"content":{"rendered":"

Understanding dischargeable debts in Chapter 7 Bankruptcy<\/span><\/h2>\n

Do you want to know what is the role of dischargeable debts chapter 7 in Kansas City, MO? The process of filing for bankruptcy is indeed lengthy and complex. As individuals and business owners searching for relief via Chapter 7, it is indeed crucial to have a proper understanding of which debts can be discharged.\u00a0<\/span><\/p>\n

At Jeppson Law Office, we understand the challenges that people encounter when dealing with overwhelming debt. With over a decade of experience practicing <\/span>bankruptcy law<\/span><\/a>, you can be confident that we have the skills required for your complex bankruptcy case. If you need prudent legal advice, schedule a free consultation today!<\/span><\/p>\n

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What Are Dischargeable Debts in Chapter 7 Bankruptcy<\/b><\/h2>\n

Chapter 7<\/span><\/a> bankruptcy is a legal process designed to provide individuals and businesses with a fresh financial start by eliminating their unsecured debts. It is the most common form of bankruptcy in the U.S. and is often referred to as “liquidation bankruptcy.” To qualify for Chapter 7 bankruptcy, individuals must meet certain eligibility criteria. The primary requirement is passing the <\/span>means test<\/b>, which determines whether your income is low enough to file for Chapter 7.\u00a0<\/span><\/p>\n

A bankruptcy discharge is a ruling by the bankruptcy court that annuls a legal agreement between a debtor and a creditor. Without the contract, neither the filer nor the creditor is obligated by law to make payments on the discharged debt.<\/span><\/p>\n

On the other hand, keep in mind that the debt will not entirely disappear. The credit report of the filer will show the discharged in bankruptcy for only a decade or ten years and its notation impact on its credit score will lessen eventually.\u00a0<\/span><\/p>\n

Generally, most individuals or businesses will receive the discharge order for at least four months after filing the bankruptcy.<\/span><\/p>\n

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Which Debts are Included in Chapter 7 Bankruptcy Discharge?<\/b><\/h3>\n

In Chapter 7 bankruptcy, the following types of debts are generally dischargeable:<\/span><\/p>\n