Chapter 7 bankruptcy wipes out most unsecured debts, but it does not get rid of all of your debts. If you successfully file for Chapter 7 bankruptcy, you will still be responsible for:
- Your most recent back taxes
- Child support
- Alimony
- Most student loans
- Government fines or penalties
- Fraudulent debt
- Recent purchases of luxury goods of more than $550 bought within 90 days of filing for bankruptcy
- Cash advance loans of $825 or more within 70 days of filing for bankruptcy
If you are considering filing bankruptcy, contact the Texas bankruptcy lawyers of Nachawati Law Group for free legal advice. Simply email us or phone us toll free at 1.866.705.7584.
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About Nachawati Law Group
Nachawati Law Group represents parties in mass tort litigation, businesses and governmental entities in contingent litigation, and individuals in complex personal injury litigation. For more information, visit contact or call 214-890-0711.
