Schedule F Claims in Chapter 7 Bankruptcy
Filing for bankruptcy can be a long and tedious process, involving many forms to complete and information to track down. One such form, called the Schedule F, requires you to disclose those of your creditors who hold unsecured, non-priority claims, or debts that are not tied to any property and do not receive special payment priority from the government. The majority of these unsecured, non-priority debts may be discharged through the Chapter 7 bankruptcy process.
If you are considering bankruptcy, enlist the help of the experienced legal team at Gagnon, Peacock & Vereeke, P.C., who may guide you smoothly through the process’ legal nuances.
Discharged Debts in Chapter 7 Bankruptcy
When you file Chapter 7 bankruptcy, you agree to allow a trustee to sell your nonexempt property and use the proceeds to pay off your prioritized debts. In return, the remainder of your debts will be discharged. Unsecured, non-priority debts will more often than not be discharged at the end of your bankruptcy proceedings. Some examples of unsecured, non-priority debts are:
- Credit card debt
- Medical debt
- Personal loans
- Utility bills
- Lawsuit payouts
In certain, albeit uncommon, circumstances, student loans may also be discharged. Discuss your specific debts and best legal options moving forward with the attorneys at Gagnon, Peacock & Vereeke, P.C..
Contact a Bankruptcy Lawyer in Dallas Today
We understand that you may feel overwhelmed by growing debts, but you don’t have to face this situation alone. There may be legal options that can allow you to discharge certain debts and regain sure financial footing. Call the team of Gagnon, Peacock & Vereeke, P.C., at (214) 317-4448 today to learn more about filing for bankruptcy.