Dischargeability

Dischargeability refers to the ability to eliminate certain debts through bankruptcy. When an individual files for bankruptcy, some debts can be discharged, meaning the debtor is no longer legally required to pay them. Commonly dischargeable debts include credit card bills and medical expenses. However, not all debts can be discharged; for instance, student loans, child support, and certain taxes usually remain due. Determining which debts are dischargeable depends on the type of bankruptcy filed and specific legal guidelines. Understanding dischargeability helps individuals manage their financial recovery after facing overwhelming debt.