What Debts Can Chapter 7 Bankruptcy Wipe Out? #bankruptcy #chapter7 #finance #debtfreejourney

Chapter 7 Bankruptcy can help you eliminate a range of unsecured debts you have accumulated, such as credit card debt, personal loans, medical bills, and more.

However, Chapter 7 cannot eliminate other secured debts such as mortgages, auto loans, student loans, and things like child support and alimony.

Bankruptcy should be a last resort though, as it will completely wipe out your credit score and will also remain on your credit for up to the next 10 years, making it very difficult to get approved for future credit cards, mortgages, etc.

If you have filed for bankruptcy before, please share your experience and advice in the comments!

#bankruptcy #bankrupt #chapter7bankruptcy #debtfree #debtpayoff

Not financial advice, for education only.

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