Chapter 7 and Unsecured Debts
Aurora Illinois Bankruptcy Lawyers & Attorneys
David Siegel: Unsecured debt is debt that there is nothing they can take back, and that would be medical bills, personal loans, credit cards, utility bills, auto repossession, deficiencies.
Jesse Barrientes: Let me ask since we're just going to briefly mention that subject. Child support is really not secured. Does that mean that's something that—
David Siegel: Child support is something that can not be eliminated in a bankruptcy.
Jesse Barrientes: Okay.
David Siegel: Absolutely the court is looking out for the children. The Federal Government is looking out for the children. In fact, in a Chapter 13, they're paid at a higher priority than a lot of other debts, so child support is not only not as treasurable, but quickly paid back under different chapters of the bankruptcy. It's funny you mentioned that.
Back to Aurora Illinois Bankruptcy Lawyers & Attorneys
See Also:
Chapter 7
Misconceptions about Chapter 7
Life after Chapter 7 bankruptcy
Privacy is protected in bankruptcy
Household income qualifications
Converting Chapter 13 to Chapter 7
Converting Chapter 7 to Chapter 13
Chapter 13
Using Chapter 13 to save a home
Choosing Chapter 13 versus Chapter 7
Debt consolidation & late fees
Administrative fees & the bankruptcy trustee
Chapter 13 payment plan dismissal
