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What Happens With Unsecured Debts When You File Bankruptcy?

As you consider your options, you may wonder how bankruptcy will affect your financial situation. While bankruptcy could not necessarily discharge secured debts, it can eliminate the personal exposure due to the deficiency balance created from the sale or foreclosure of a secured debt.

At the DiTocco Law Group, PLLC, we will answer your bankruptcy questions so you feel empowered to make the best choice related to your financial situation. Whether a job loss, unforeseen medical expenses or a lawsuit exceeded your budget, our Florida firm will work with you to discharge your debts through bankruptcy while informing you of all your options.

Examples Of Unsecured Debt

Without collateral rights to your unsecured debts, your lenders might not be able to take back what you owe if you are behind on repaying your loans.

Examples of unsecured debts that you may be able to discharge through bankruptcy could include:

  • Medical bills
  • Credit card debt
  • Utility bills
  • Court judgments
  • Taxes
  • Personal exposure to business debt

Our attorneys will work with you to explore your options. No matter what debts you have or what your specific circumstances entail, our experience will help us provide sound guidance to help you meet your financial goals.

Get Your Finances Back On Track

To schedule your free initial consultation with our bankruptcy lawyers at one of our Broward County locations, call our Fort Lauderdale office at 954-566-9000 today. Or, if you prefer, you may email our firm.

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