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What Debts Can Bankruptcy Handle

Experienced Lawyers Helping Arizona Clients Get Debt Relief

Collection calls, rising interest rates, tumbling credit scores and the constant stress of having to make tough decisions between paying your bills and keeping the lights on are the kinds of problems that people with significant debt face.

Bankruptcy is a strong tool for debt relief, but not every debt can necessarily be discharged or restructured in the same ways. Knowing what options you do and don't have, and getting the right advice that applies to your specific need are the most important parts of the process.

At the Law Offices of Farnsworth Mortensen, PLLC, in Tucson and Mesa, we help clients put those tools to work for their debt relief needs.

What Debts Can You Handle Through Bankruptcy?

Debts that can be eliminated or restructured through Chapter 7 or Chapter 13 bankruptcies are known technically as dischargeable debts, and they usually include most unsecured debts, such as:

In addition to the kinds of debt you can discharge through the bankruptcy process, there are also exemptions that allow many people to protect their home, their car and their personal property from being repossessed, foreclosed on or sold off as part of the settlement.

As you consider what debt you can get rid of and what property you can protect, it is important to get good advice from a trusted source. Do not wait to end creditor harassment or for your debt and financial troubles to get worse. Act today.

Get the Guidance You Need

To schedule a free consultation at our office and speak with an attorney whose first priority is to help you get your financial life back on track, please call 480-820-3600 or 520-298-3300 or contact our experienced team online.