Permanently Write Off Debts in Bankruptcy
The main goal of bankruptcy is often to write off--"discharge"--your debts. Here's how it works in Chapter 7 "straight bankruptcy."
“General Unsecured” Debts Discharged in Chapter 7
In most straightforward Chapter 7 cases all debts not secured by any collateral are discharged--forever written off. You pay nothing on them.
Making Sense of Bankruptcy: Discharging Disputed Debts, Challenges for “Willful and Malicious Injury”
Your financial difficulties may include an unresolved claim against you for personal injury or property damage.