{"id":37667,"date":"2023-06-18T23:49:56","date_gmt":"2023-06-19T06:49:56","guid":{"rendered":"https:\/\/pdxlegal.com\/?page_id=37667"},"modified":"2023-07-19T23:31:10","modified_gmt":"2023-07-20T06:31:10","slug":"debts-survive-chapter-7-bankruptcy","status":"publish","type":"page","link":"https:\/\/pdxlegal.com\/debts-survive-chapter-7-bankruptcy\/","title":{"rendered":"Nondischargeable Debts in Chapter 7 Bankruptcy in Oregon"},"content":{"rendered":"
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Everything you need to know about non-dischargeable debts in Chapter 7<\/h2>\n

Chapter 7 bankruptcy gives people a second chance by giving them a chance to get rid of their crippling debts and restore control over their finances. If you are considering filing such, you must understand what the nondischargeable debts in Chapter 7 Bankruptcy are. Non-dischargeable debts are liabilities that continue to exist after bankruptcy, so even if a person files for Chapter 7 bankruptcy, they are still responsible for paying them back.<\/p>\n

When dealing with non-dischargeable obligations in Chapter 7 bankruptcy, an Oregon bankruptcy attorney<\/a> is essential. These commitments cannot be discharged, and it takes legal professionals, just like our team at Michael D. O’Brien & Associates, P.C to assist you in navigating their complexity.<\/p>\n

If you are facing financial difficulties and mounting debt, we can help restore you to positive financial health. Please contact Michael D. O\u2019Brien & Associates, P.C. to discuss your options under bankruptcy law. We offer free initial case evaluations on most matters, and always provide discreet, professional legal counsel.<\/p>\n

What is Chapter 7 Bankruptcy?<\/h2>\n

Chapter 7 bankruptcy is a form of bankruptcy under the United States Bankruptcy Code. It is also known as “liquidation bankruptcy” or “straight bankruptcy.” Chapter 7 is designed to provide individuals or businesses with a fresh start by liquidating their non-exempt assets to pay off their debts.<\/p>\n

What are Nondischargeable Debts in Chapter 7 Bankruptcy?<\/h2>\n

Non-dischargeable debts in Chapter 7 bankruptcy are those that cannot be discharged or forgiven by the bankruptcy procedure, which means the debtor is still liable to pay them even after the bankruptcy is finished. Prior to filing for Chapter 7 bankruptcy, it is crucial to carefully assess one’s financial circumstances and obtain professional counsel. These debts frequently endure bankruptcy and remain recoverable against the debtor.<\/p>\n

Most common non-dischargeable in Chapter 7 bankruptcy:<\/h3>\n