9 Types of Personal Debt: What Debt Can Be Discharged (Eliminated) In A Chapter 13 Bankruptcy.
Everyone considering a Chapter 13 bankruptcy has questions about what debt will remain, what debt will go away, and what assets can be kept. Chapter 13 bankruptcy is focused on making debt repayment more manageable. It is a way for people to address an unmanageable and sometimes overwhelming amount of debt while being able to cover necessary living expenses. For many people, Chapter 13 bankruptcy is an effective way to get their financial situation in order.