Michael B. Sachs, Attorney

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What type of debt qualifies for bankruptcy assistance?

Generally speaking, secured, unsecured and priority debts can qualify you for bankruptcy assistance.  Secured debts are loans backed by collateral, which can include property like mortgages or vehicle loans.  Unsecured debts consist of money owed on items like credit cards, medical bills and personal loans.  Priority debts are money owned, such as personal income tax debt, and often must be paid in full and may continue despite bankruptcy discharge.


Please note:

The information you obtain on this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.