Deciding which bills to pay and which bills to skip is a struggle many with substantial debts face every month. Spreading already thin finances across monthly demands from creditors can be stressful. One of the benefits of bankruptcy is the discharge of debts. Discharging a debt through bankruptcy means the debtor is no longer legally obligated to pay that debt. For debtors who meet certain income requirements, they often are able to discharge a substantial amount of their personal debts in the bankruptcy process. Discharging burdensome debts such as credit card debt and medical bills is oftentimes exactly what a debtor needs to gain a fresh financial start with a new, successful budget. Bankruptcy can help a debtor clear the slate, however not all debts may be discharged in bankruptcy. Unfortunately, some debts can be difficult to discharge, such as student loans. Although, a debtor’s ability to eliminate a significant portion of their debt is often what they need to manage their finances, including remaining debts, as they move forward.If you are the recipient of unending collections calls or legal action or have questions about bankruptcy, including the benefits of the automatic stay, please contact Attorney Kayla E. Boehlen at 413-730-4455 or kayla@law-eb.com for a free initial consultation.
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