When a debt is described as “dischargeable,” it means that it can be erased through the bankruptcy process. Upon the successful completion of a bankruptcy case, the bankruptcy court typically issues a discharge order, which legally removes your obligation to pay any dischargeable debts.
Different Types of Dischargeable Debt
Most common types of dischargeable debts in a bankruptcy case include:
- Credit Card Debts: This includes outstanding balances on Visa, Mastercard, American Express, and other credit card accounts.
- Medical Bills: High medical expenses, a common cause of bankruptcy, are also dischargeable.
- Personal Loans: Unsecured personal loans from banks, family, friends, or
