Whether declaring bankruptcy will discharge your debt depends on the types of debt you owe. In general, most unsecured debts can be discharged in bankruptcy, but some cannot. Before discussing how debts are discharged in bankruptcy, let’s take a look at the different types of debts that can be included in bankruptcy. Unsecured debts, which include loans like credit card debt, are usually dischargeable in bankruptcy. However, there are some exceptions to this rule.
