Debt may need to be repaid depending on the type of bankruptcy a person qualifies for. In a Chapter 7 bankruptcy, a person may no longer owe certain types of debt owed to creditors or their debt may be discharged. A Chapter 13 bankruptcy requires certain debts to be repaid over a period of three to five years.
Disclaimer: This site is purely informational and is not a substitute for legal advice. Only a signed agreement from this Colorado Springs law firm creates a lawyer-client relationship. The information on this site is intended, but not guaranteed, to be accurate and current. Disability attorney Diane K. Bross practices in the following counties: El Paso, Pueblo, Teller, Fremont, Otero, and Crowley. Past results are no guarantee of future performance.