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If you are a resident of Tucson, Arizona and are looking for a way to
eliminate your debts, Tucson bankruptcy discharge may be a solution for you. To get professional advice, we recommend you to contact a bankruptcy expert near you. The following article is provided by our bankruptcy attorney in Tucson. Why is Tucson bankruptcy discharge important? |
Residents of the Tucson, Arizona area file for personal bankruptcy to eliminate their debts. Your debts are eliminated when you are discharged from Tucson bankruptcy filed under Chapter 7.
Consumer debts such as most bank loans and bank and department store credit cards are discharged at the end of your bankruptcy. This discharge, however, only applies to debts you owed prior to the date you filed for bankruptcy.
Certain types of debts will typically not be discharged, including:
- taxes;
- child support;
- alimony;
- most student loans;
- debts arising as a result of fraud;
- court fines and criminal restitution; and
- personal injury awards, if the injury occurred as a result of impaired driving, or driving while under the influence of drugs.
Judges in Tucson bankruptcy cases have the power to deny your discharge if you do something dishonest in connection with your bankruptcy case, such as destroy or hide property, falsify records, lie, or if you disobey a Court order.
Also, secured debts, such as a loan secured by your car, can be discharged in a bankruptcy, but generally only if you surrender the asset back to the creditor. If you surrender the car, the remaining balance owing can be discharged.
What debts are discharged after Tucson bankruptcy can be complicated, so we recommend that you contact our bankruptcy attorney in Tucson today and have him/her review your debts and advise you on which ones will be discharged in your bankruptcy.
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