During a recent free consultation in my Miami Florida office a potential debtor asked me if it was possible to discharge personal debts in a bankruptcy. An easy way to describe personal debts is debts that you owe to a family member or a friend. Typically as times get tough, debtors start to rely on family members or friends for loans with the anticipation that they would pay them back as soon as they are able to. Unfortunately in some cases, the debtor is never able to get back on their feet and thus are unable to pay the family member or friend the loan. In the particular debtor’s case, he borrowed a certain amount of money from a family friend in order to pay the rent and provide food for his family.
A debtor CAN discharge personal debt, just like any other unsecured debt, by filing for either Chapter 7 or Chapter 13 bankruptcy in Florida. However, a debtor should seek the guidance of an experienced Miami Bankruptcy Attorney prior to filing because there are some technical nuances that the debtor must consider prior to filing bankruptcy.
If you are thinking of filing for bankruptcy and would like a free consultation to discuss your individual case then please contact Ofer Shmucher of Shmucher Law, PL by calling 954.309.5559 or 305.741.5553. We offer free consultations seven days a week and have evening appointments available.

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